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Good question.  I don't know how Veblen would have treated Whitney.  I think he is pretty primitive but then I have become a cranky old coot.

My guess is that Veblen would say that the best way to deal with a housing bubble is to not create one in the first place.

"Remember the I35W bridge--who needs terrorists when there are Republicans"

by techno (reply@elegant-technology.com) on Fri Feb 23rd, 2007 at 04:48:56 PM EST
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