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"Hope and change turns out to be discord and confusion" Richard Epstein

Original post made by Gary, Downtown North, on Oct 30, 2011

Very rarely, a concise and reasoned political-economic argument surface to the masses. This is one, by Richard Epstein (NYU/Hoover).

This story contains 63 words.

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Comments (8)

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Posted by Thanks
a resident of Greenmeadow
on Oct 31, 2011 at 5:08 am

Awesome. Epstein for POTUS!!

Problem is, this kind of stuff is above most folks' heads.

Even around here, where most of us are in the top 10% of this nation in education and earnings ( more than $50,000/year puts you in the top 10%, ie "rich", did you know that? Not to mention college degrees)

Like this comment
Posted by Gary
a resident of Downtown North
on Nov 1, 2011 at 4:59 pm

Watch to end of the clip, as he explains why "less is more".

Like this comment
Posted by peddler
a resident of Community Center
on Nov 1, 2011 at 5:01 pm

No one is biting, gary.

Like this comment
Posted by Sharon
a resident of Midtown
on Nov 1, 2011 at 5:09 pm

The Euro catastrophe is having knock-on effects in the US and Asia.

This evening –Global markets plunge with Greek government on brink of collapse

Web Link

“The FTSE Eurofirst 80 fell 5.1pc, wiping off €88.3bn from the value of some of Europe’s biggest companies.

The Milan bourse fell 6.8pc amid fears that Italy would be hit first by a new round of the crisis.

The cost of insuring Italian debt against default soared to record highs.

France’s CAC dropped 5.4pc, while in Germany the DAX fell shed 5pc.

In London the FTSE 100 fell 2.2pc, wiping off £31.7bn from the value of Britain’s biggest companies.

Traders were further rattled by poor economic data from China, America and Britain.”

The Greeks do have some island and antiques to sell-and Turkey might buy some of the larger islands for the mineral and energy rights-on shore and off shore.

This drama is not going to have a happy ending

Like this comment
Posted by peddler
a resident of Community Center
on Nov 1, 2011 at 5:26 pm

[Post removed by Palo Alto Online staff.]

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Posted by Sharon
a resident of Midtown
on Nov 1, 2011 at 5:35 pm

This the linkage between the Euro-crisis and America

1/ US taxpayers are the collateral for most European debt.

2/ There is over 75 Trillion in worthless European Derivatives shifted to BofA accounts in the last 60 days.

3/ There is over 200 Trillion In European Debt on US banking ledgers

…all of it backed by US taxpayers.

Like this comment
Posted by St Francis
a resident of Fairmeadow
on Nov 1, 2011 at 7:54 pm

[Post removed by Palo Alto Online staff.]

Like this comment
Posted by Crap peddler
a resident of Community Center
on Nov 2, 2011 at 9:09 am

The editors are not only deleting content they are also changing posters names. Who really knows if many of the posters are not actually Weekly staff impersonating residents. Or maybe am advertiser got upset.

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