Go Back   Bloggingheads Community > Diavlog comments
FAQ Members List Calendar Search Today's Posts Mark Forums Read


Diavlog comments Post comments about particular diavlogs here.
(Users cannot create new threads.)

Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 12-16-2011, 01:08 AM
Dee Sharp Dee Sharp is offline
Join Date: Apr 2007
Posts: 32
Default Re: Words Are Wind (Robert Farley & Michael Cohen)

So US squeamishness about Japan's colonial adventures was an emotional response. Rather than put an oil embargo upon them, we should have remained friends, because that would be rational. We didn't do that, which is the sort of crazy thing these guys will admit that countries sometimes do. But for Japan to attack a country with 10 times its steel production would be completely irrational. That sort of thing happens so rarely that we can ignore it. Therefore it never happened.

In economics, many still consider it reasonable to ignore anything not in the models. If the IR field follows that path, the next major war will result in the same excuses we heard after the financial crash: there's nothing we could have done, as no one saw it coming.
Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

All times are GMT -4. The time now is 08:34 PM.

Powered by vBulletin® Version 3.8.7 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.