Like when I need my mind to be vaporized with BS.
Steve Keen's work on Debt Deflation is far more useful. You'll only need a sophomore course in Ordinary Differential Equations to follow it, but it clearly shows the limit cycling that we are experiencing as a result of non-linear responses to feed forwards in our economy, inputs which have no rational basis and actually drive the system unstable.
But hey, why bother you with facts? You got tabloid economics on yer side! Almost as good as Marxist twaddle!
Dr. Walter Edward Williams,the John M. Olin Distinguished Professor of Economics at George Mason University, is not your run-of-the-mill commentator. If you wish to dismiss his premise, why not refute it with facts instead of ad hominem attacks?