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» Jas_Jain - FWC: Choosing Recession

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Choosing Recession
Lakshman Achuthan and Anirvan Banerji 04.21.08, 6:00 AM ET

http://www.forbes.com/opinions/2008/04/1...

Fed and politicians chose the recession? What a bunch of rogues. Only in a country ruled by Crooks that these intellectual whores could make a decent living.

Below are comments from an economist e-friend:

ECRI's Achuthan and Banerji making their case again: "Recession Accomplished". :-D

Before this most recent episode, economists across the ideological spectrum had convinced themselves that recessions are preventable; we only "allow" recessions when we "want" or "need" one. :-D

So, now that we have a recession, who could have possibly "wanted" one or dared to presume that we "needed" a recession?!?! And, especially, who would have "wanted" a recession and not told ECRI so they could have "forecasted" it? How dare they!!! :-D

Yes, these are grown men engaging in this self-delusional mythomagical thinking. Perhaps it was the Easter Bunny who "wanted" the recession . . .? :-D

-- posted by Jas_Jain