If The Bubbles Contain A Misconception, As

Financial Markets Are Supposed To Swing Like A Pendulum: They May Fluctuate Wildly In Response To Exogenous Shocks, But Eventually They Are Supposed To Come To Rest At An Equilibrium Point And That Point Is Supposed To Be The Same Irrespective Of The Interim Fluctuations. Instead, As I Told Congress, Financial Markets Behaved More Like A Wrecking Ball, Swinging From Country To Country And Knocking Over The Weaker Ones. It Is Difficult To Escape The Conclusion That The International Financial System Itself Constituted The Main Ingredient In The Meltdown Process.

An Open Society Calls Itself Open To Improvement. It Is Based On The Recognition That People Have Divergent Views And Interests, And That Nobody Is In Possession Of The Ultimate Truth.

Economics Seeks To Be A Science. Science Is Supposed To Be Objective And It Is Difficult To Be Scientific When The Subject Matter, The Participant In The Economic Process, Lacks Objectivity.

President George W. Bush Is Endangering The United States And The World's Safety While Undermining American Values.

Unfortunately, The More Complex The System, The Greater The Room For Error.