The meltdown of 2008 was a wasted crisis... because the homeowners were not bailed out. The financial sector was bailed out, the banks... the bankers... but... 8 million homeowners were thrown out of their homes.
John Komlos Connected to the Carolinas
Source
No citation is recorded for this quotation.
- work
- A Progressive View on the Need for a Paradigm Shift in Economics (Dec 2020)
- year
- 2020
no citation recorded
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“The meltdown of 2008 was a wasted crisis... because the home…” John Komlos. Carolina Quotes, record CQ-CCE584EC3C. https://carolinaquotes.com/quote/cce584ec3c
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[T]he current system depends too much on luck. If you choose your parents right and you live in a decent neighborhood, you can grow up and become a productive member of the society... and John Rawls argues that... [luck] cannot be the basis of a just society.
Pain... plays a major role in my thinking. I advocate its minimization.
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