Wednesday, January 28, 2009

Economia Soviética?

"Richard Freeman, a Harvard economist, argues that our bubble economy had something in common with the old Soviet economy. The Soviet Union’s growth was artificially raised by massive industrial output that ended up having little use. Ours was artificially raised by mortgage-backed securities, collateralized debt obligations and even the occasional Ponzi scheme." Muito pequeno excerto de The Big Fix, no New York Times.

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