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Source link: http://blog.mises.org/9187/greenspan-patron-saint-of-skateboarders/

Greenspan, Patron Saint of Skateboarders

January 4, 2009 by

Skaters Jump In as Foreclosures Drain the Pool

{ 5 comments }

J Cortez January 4, 2009 at 10:34 pm

I had friends that were high school skateboarders during the last housing bust in California. They remember the foreclosed homes with pools very fondly.

Speedmaster January 5, 2009 at 7:39 am

LOL! ;-)

Bruce Koerber January 5, 2009 at 8:58 am

These pools in foreclosed properties represent the picture perfect Keynesian version of private capital.

It is a wierd reality that the Keynesian world of short-run economics is what Keynesianism creates! This is the job security that the ego-driven interventionists love. This is why academic empiricists have their own little world of ‘economic literature’ to embellish their resumes despite the fact that they are charlatans.

Christopher Hightower January 5, 2009 at 8:45 pm

In my younger days I could have rode that pool. Spent a lot of days skateboarding. Now, I just play a game of Tony Hawk on playstation, instead of risking breaking an arm or my neck. Skateboarding, takes a toll on your lower body (chins, ankles, knees,). Ouch!

P.S. On behalf of skateboarders, thanks for the empty pools.

vlad popovic January 6, 2009 at 6:14 am

Wow! Even dudes with multiple concussions know who caused the housing bubble!

Should CNBC start replacing their anchors with skateboarders in an attempt to regain a shred of credibility?

Or, since concussions appear to be a better predictor of economic sense than a Nobel prize, should we strap skates (but no helmet, looks like) on Krugman and turn him loose until he sees the light?

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