tag:blogger.com,1999:blog-2761684730989137546.post4896201624662331167..comments2024-03-18T19:09:18.510-04:00Comments on Mike Norman Economics: Richard Posner changes his mind on deregulationmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2761684730989137546.post-91665012959774868842012-08-24T20:11:26.833-04:002012-08-24T20:11:26.833-04:00Yet another conservative who recants as soon as hi...Yet another conservative who recants as soon as his career no longer requires singing in tune with conservative orthodoxy. resleznoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-52211571073701888472012-08-24T07:55:52.237-04:002012-08-24T07:55:52.237-04:00The entire economy freezes because it is run on cr...<i>The entire economy freezes because it is run on credit</i><br /><br />So, basically, the entire economy runs on batteries. Who knew?<br /><br />I think this is the kind of thinking that reinforces misunderstanding of what creates motion in systems.<br /><br />How do the batteries get charged?<br /><br />apj, not necessarily disagreeing with you, just saying that the dynamics of credit aren't completely obvious.paul melihttps://www.blogger.com/profile/04604543110795683837noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-79790274286938493942012-08-24T07:09:05.730-04:002012-08-24T07:09:05.730-04:00... The entire economy freezes because it is run o...... The entire economy freezes because it is run on credit ...<br /><br />So when did he work this out? Thank goodness he has finally admitted what is completely obvious to everybody. Wish i could say better late than never.<br /><br />Apj<br /><br />Anonymousnoreply@blogger.com