Exclusive: Harvard Economists Prove that Bankruptcy is Mythical « naked capitalism

Exclusive: Harvard Economists Prove that Bankruptcy is Mythical « naked capitalism Quote from full Article is perfect for our own assessment of economic theory! It is theory based on unrealistic assumptions, how else could the RMBS market have been created in a model that would crash with any amount of defaults?

“Such ‘criticism’ ignores Milton Friedman’s devastating rejoinder: all theories are based on unrealistic assumptions, and so a theory should be judged not on its assumptions, but on the power of its conclusions.”

Make big money in penny stocks today