First off, Waldman entirely mangles Milton Friedman
Over at Interfluidity, Steven Waldman responses on my brand spanking new writeup on indefensible deadbeats which have good longish blog post you to Felix Salmon identifies as the an effective „smack off“. I don’t imagine I might explain the fresh new revelation one to firms dont operate identical to people people an excellent „slapdown“; it looks a lot more like an effective restatement of the apparent. Even if to be sure, almost everyone just who responded if you ask me did actually think that which knowledge, along with the point many banks stupidly borrowed someone currency they failed to hope to repay, constituted a complete rebuttal towards the simple observance that individuals exactly who default on the home loans if you find yourself to order cruise trips and pricey seats is type of jerks. Weiterlesen