Richard Epstein

Reader comment on: Richard Epstein on Income Inequality

Submitted by Fast Eddie (United States), Oct 27, 2011 09:42

I used to think that Epstein was a clever fellow. Not so much any more, given

his responses to these questions. Just consider his remark: "...when you try to knock out

the financiers, what you do is destroy the liquidity of capital markets."

I wonder, did Epstein sleep thru the recent financial crisis, brought on almost entirely

by excess liquidity created by his beloved financiers so they could skim a big percentage

off in salary and bonuses. These guys created a couple of Trillion in absolute financial

crap and pushed it out to unsuspecting clients who had trusted them in the past to be

ethical and now found themselves holding worthless paper.

Or his remark that the 1% can't win an electoral battle. Good grief. They don't try to win

electoral battles. They wait until the elections are over and simply purchase the winners.

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Title	By	Date
⇒ Richard Epstein [144 words]	Fast Eddie	Oct 27, 2011 09:42
↔ comment of comment [691 words]	ron hansing	Oct 27, 2011 14:16

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