<p>I can agree with the ivory tower theory, but schools of economics have predicted this stuff a decade before it happened and nobody listened.</p>
<p>Its not matter of if anybody understands the markets or not, I personally feel there is a massive scam going on and the media owner are in on it, so ya don’t hear it. Paulson, Bernake, etc all keep making bad choices, you have to wonder if there is some side scheme going on. I wouldn’t doubt it. </p>
<p>I wouldn’t say there is necessarily a limited supply of capital, though there is in some sectors, but I would rather say the goods aren’t being priced properly due to market restrictions.</p>
<p>You bring up FDR, but he didn’t save capitalism, in the 20’s we again saw alot of regulation, such as Smoot Hawley and such. We had the depression simply because of to much credit and then a massive contraction of monies. I mean by the end of the 20’s, 90% of durable goods were bought with credit. back to FDR, my point is that he supposedly saved some mix of capitalism and socialism, but it surly was not capitalism. if there was not the part socialism, the problem wouldn’t have occurred.</p>