A Full And Fair Discussion Is Essential

If Truth Be Known, I Carried Some Rather Potent Messianic Fantasies With Me From Childhood Which I Felt I Had To Control, Otherwise I Might End Up In The Loony Bin. But When I Made My Way In The World I Wanted To Indulge Myself In My Fantasies To The Extent That I Could Afford.

My Conceptual Framework, Which Basically Emphasizes The Importance Of Misconceptions, Makes Me Extremely Critical Of My Own Decisions. I Know That I Am Bound To Be Wrong, And Therefore Am More Likely To Correct My Own Mistakes.

The Generally Accepted View Is That Markets Are Always Right -- That Is, Market Prices Tend To Discount Future Developments Accurately Even When It Is Unclear What Those Developments Are. I Start With The Opposite View. I Believe The Market Prices Are Always Wrong In The Sense That They Present A Biased View Of The Future.

I Am Against Market Fundamentalism. I Think This Propaganda That Government Involvement Is Always Bad Has Been Very Successful - But Also Very Harmful To Our Society.

These Public-private Partnerships Are Very, Very Dangerous. The Most Rotten Part Of The Financial System In The Us Consisted Of The Government Sponsored Entities, Fannie Mae And Freddie Mac. They Really Kicked Off This Crisis. The State Should Set The Rules And Enforce Them - But Not Become Involved As A Market Player.