'The devil's in the headlines. Its God's truth that we find in the nuance.'

That's Paul Samuelsson. He's a professor of economics at MIT. I linked to a paper he wrote on a post a while back. Its a bland, boring economics paper that refutes in theory our current dogma that free trade is going to be mutually beneficial to all parties involved.
This probably should be important. After all, we've created a world structure based on free trade. One would assume that this structure was based on something more then just faith.
But in the absence of theory, what are we left with? Well evidence I guess, but we don't have that yet, we're still too much in the midst of it. So then, what are we left with? Faith?
Our trust that it is all going to be ok is based on faith.
And that's why we have to put it in the headlines. You gotta make'em believe it.
- posted by Sigurd5/19/2005 08:56:00 PM