[Pen-l] "socialism" [was: Seeking financial advice!

["Jim Devine" <jdevine03@xxxxxxxxx>]

me:
>> according to some Wall Street sorts, Bernanke and Paulson have already
>> brought about "socialism."

ravi  wrote:
> Krugman refers to the latter (individual) as Comrade Paulson.

there's this big mix-up among economists, in which any statism (and
intervention in markets) is considered to be "socialism."
-- 
Jim Devine / "Nobody told me there'd be days like these / Strange days
indeed -- most peculiar, mama." -- JL.
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