John Nash on the Economy

I was intrigued to read this critique of the structure that the economy has used in developing over the last few decades. I wonder if it's worth wishing that we take these steps back from insanity? What would it do to my house debt? I've always scratched my head as to why it was to my overall benefit to live in an economy where I had to re-negotiate my mortgage every few years. And now John Nash (of A Beautiful Mind fame) says the same thing. Is that "Great Minds"? or "Fools"?

That said, if there's going to be a 30 year mortgage, I'd rather it got counted back from when I first bought a house and not from now. John Maynard Keynes' economic theory always reminded me of William Aeberhardt's (in how they matched with common sense, not in their details, you understand). It's nice to see someone who's earned the right to say so out loud agreeing with me.

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