Re:An Open Challenge to Silicon Valley
by startingup on Tuesday April 29, 2008 @04:46PM
(#176972)
They are not random fluctuations. Federal Reserve policy had a lot to do with both food prices & the financial system.
Read libertarian economic literature to understand how the US and world economy have been fundamentally warped by the credit bubble unleashed by the Fed - LTCM debacle led to Nasdaq bubble, fighting the Nasdaq bust led to the housing bubble and so on.
Even the start-up flip-it mindset in the valley has roots similar to the housing flip-it mindset everywhere.
Read libertarian economic literature to understand how the US and world economy have been fundamentally warped by the credit bubble unleashed by the Fed - LTCM debacle led to Nasdaq bubble, fighting the Nasdaq bust led to the housing bubble and so on.
Even the start-up flip-it mindset in the valley has roots similar to the housing flip-it mindset everywhere.