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To: Willie Green
Samuelson, at the age of 89, is signalling to his disciples that they should think about the real world rather than `postulate assumptions and develop elegant models which ultimately are irrelevant'.

It's the same thing I have been saying all along. The "free trade" theory is just that; a theory that has never been tried or proven.

88 posted on 11/06/2004 6:43:18 PM PST by raybbr
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To: raybbr
The "free trade" theory is just that; a theory that has never been tried or proven.

It is being tried and we are the guinea pigs.

It reminds me a Polish joke from the Communist times:

A Commie propagandist gives a compulsory talk to the peasants about Marxist theory.

One peasant asks, "and who invented this theory, the workers or the scientists?"

The Commie, thinks for a while to decide which answer will be more edifying and says, "why? Of course workers invented it".

And peasant says - "It must be true, the scientists would test this theory on the mice before trying it on the people".

92 posted on 11/06/2004 7:07:00 PM PST by A. Pole (Putin: "Democrats had no moral right to criticize the Iraq invasion, after what they did to Serbia.")
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