>As for the Great Depression: are you with the Austrian business cycle theorists or something else? In the end it's still rational to consider all such debacles to be a competition between human beings to see who can come up with the most incredibly stupid response to a given situation.
The "proof" of a theory depends on its usefulness in predicting the future. But, a response can only be judged "incredibly stupid" with the benefit of hindsight.
Regards. Al
"Violence is the last refuge of the incompetent." -- Isaac Asimov
"Never let your sense of morals prevent you from doing what is right." -- Isaac Asimov
Neither a despot, nor a doormat, be
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