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Author: Canuck57Canuck57 Date: Mar 29, 2008 11:31
"anon" privacy.net> wrote in message news:jvvHj.782$lV1.215@trndny06...>
> "Canuck57" unixhome.net> wrote in message
> news:ECtHj.133413$pM4.120298@pd7urf1no...>>
>> "Andy F." tesco.net> wrote in message
>> news:656ugbF2emh15U1@mid.individual.net...
>>>>> I think a better idea would be to have NO lender of last resort.The last
>>> resort should be bankruptcy, just like in any other business.
>>
>> Insightful.
>>
>> If they just let that happen, the problem would have solved itself in 6
>> months.
>>
>
> the last time they let the problem get so big and then "sort itself out",
> it took more than a decade and a world war to reset the animal spirits.
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Author: Roy BattyRoy Batty Date: Mar 29, 2008 11:36
Les Cargill cfl.rr.com> wrote: > Jerry Kraus wrote:
>> On Mar 29, 10:04 am, "John Galt" bluebottle.com> wrote:>>> "ajames54" hotmail.com> wrote in message
>>>
>>> news:d4f60149-e4a2-4e78-877b-09aab679ebbe@n58g2000hsf.googlegroups.com...
>>>
>>>
>>>
>>>
>>>>>>> On Mar 28, 3:34 pm, Vide...@ tcq.net wrote: >>>>> On Mar 28, 12:28 pm, Jerry Kraus yahoo.com> wrote:
>>>>> what i find hilarious, outside of a couple of complete libertarian
>>>>> cranks, where have all of the defenders of laissez-faire gone?
>>>>> where is their outrage, why are they not publicly, and proudly
>>>>> announcing their adherence to libertarian dogma, and renouncing their
>>>>> investments in the markets.
>>>>> after all, they to are the indirect beneficiaries of the bailouts.
>>>>> you would think that they would be fleeing the markets, whilst ...
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Author: forbisgarygforbisgaryg Date: Mar 29, 2008 11:40
On Mar 29, 10:53Â am, "anon" privacy.net> wrote:> "Canuck57" unixhome.net> wrote in message
>
> news:m3uHj.4522$rd2.242@pd7urf3no...
>
>
>
>
>
>
>>> "anon" privacy.net> wrote in message
>>news:1PsHj.2069$yd2.532@trndny04...>
>>> "Econotron" hotmail.com> wrote in message
>>>news:1OrHj.120$gS1.112@trndny07...>>>> I may offer an alternative here.
>>>> 1. The market sets interest rate.
>>>> 2. No reserve requirements. Deposit insurance is voluntary.
>>>> 3. No oversight (well, may be very limited). ...
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Author: Canuck57Canuck57 Date: Mar 29, 2008 11:40
"Les Cargill" cfl.rr.com> wrote in message
news:47ee7313$0$24103$4c368faf@roadrunner.com...> Canuck57 wrote:
>> "anon" privacy.net> wrote in message
>> news:1PsHj.2069$yd2.532@trndny04...>
>>
>> If the market is right, and most often is, gold going from $330 an ounce
>> to $1000 means $1 last year will have 33 cents purchasing power not too
>> far into the future.
>>
>> Look at it as the cost of gold and oil is constant, and it is the
>> currency that is fluxuating in depreciation due to dilution. Add that
>> this causes a rift in the economy, people lose homes and jobs until it is
>> fixed. It is the little people who get screwed the most.
>
> Oil and gold are in bubbles. Nothing's fundamentally changed since about
> 1998 - we have too much cash chasing too little stuff - at least
> from the point of view of the marketplace.
> ...
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Author: EconotronEconotron Date: Mar 29, 2008 11:44
> On Mar 29, 4:04 am, Roy Batty gmail.com> wrote:
>>
>>> you are correct.
>>> here is a little peice i made up explaining conservative/libertarian
>>> lunacy.
>>> "libertarians/conservatives are the only group of people i know that
>>> are constantly outraged at the results of their own polices, then they
>>> blame government(the blaming government part was added by another
>>> fellow, of course he is very smart.)."
>
>> Libertarians tend to think that they are "free thinkers"
>
> but everyone of them speaks of living libertarian ideals. i ask them
> if they live by someone else's rules, then they are not free. i ask
> them who enforces their rules in a free market. they say the market. ...
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Author: Roy BattyRoy Batty Date: Mar 29, 2008 11:46
Les Cargill cfl.rr.com> wrote: > Real quality, both in health care and in education seems to elude us.
> Maybe the Canadian/British model is as good as it gets. Maybe the
> not-for-profit sector has a role. I don't know.
>
Health care is what greases the wheels.
Canadians are very critical about our health care, compared to the USA, ours
is under a microscope.
Nobody here says it's the best, everyone agrees that there is room for
improvement.
Meanwhile, there seems to be a lobby in the USA that is against reform.
None of my business. But I am pleased that it's an issue in the USA these
days. Healh care has been a major election issue in Canada for at least 3
elections. We like what we have, but there is a great need to make it
better.
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Author: John GaltJohn Galt Date: Mar 29, 2008 11:49
"anon" privacy.net> wrote in message news:jvvHj.782$lV1.215@trndny06...>
> "Canuck57" unixhome.net> wrote in message
> news:ECtHj.133413$pM4.120298@pd7urf1no...>>
>> "Andy F." tesco.net> wrote in message
>> news:656ugbF2emh15U1@mid.individual.net...
>>>>> I think a better idea would be to have NO lender of last resort.The last
>>> resort should be bankruptcy, just like in any other business.
>>
>> Insightful.
>>
>> If they just let that happen, the problem would have solved itself in 6
>> months.
>>
>
> the last time they let the problem get so big and then "sort itself out",
> it took more than a decade and a world war to reset the animal spirits.
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Author: Roy BattyRoy Batty Date: Mar 29, 2008 11:55
Econotron hotmail.com> wrote: >> On Mar 29, 4:04 am, Roy Batty gmail.com> wrote:
>>>>
>>>> you are correct.
>>>> here is a little peice i made up explaining conservative/libertarian
>>>> lunacy.
>>>> "libertarians/conservatives are the only group of people i know that
>>>> are constantly outraged at the results of their own polices, then they
>>>> blame government(the blaming government part was added by another
>>>> fellow, of course he is very smart.)."
>>
>>> Libertarians tend to think that they are "free thinkers"
>>
>> but everyone of them speaks of living libertarian ideals. i ask them
>> if they live by someone else's rules, then they are not free. i ask ...
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Author: Canuck57Canuck57 Date: Mar 29, 2008 11:57
"anon" privacy.net> wrote in message
news:VmvHj.8178$oE1.7951@trndny09...>
> "Canuck57" unixhome.net> wrote in message
> news:m3uHj.4522$rd2.242@pd7urf3no...>>
>> "anon" privacy.net> wrote in message
>> news:1PsHj.2069$yd2.532@trndny04...>>>
>>> "Econotron" hotmail.com> wrote in message
>>> news:1OrHj.120$gS1.112@trndny07...>>>> I may offer an alternative here.
>>>> 1. The market sets interest rate.
>>>> 2. No reserve requirements. Deposit insurance is voluntary.
>>>> 3. No oversight (well, may be very limited).
>>>> 4. No lender of last resort (bankruptcy, as Andy pointed out).
>>>> 5. Fed chairman can lecture, but should be required to wear an orange
>>>> suit.
>>>> e
>>> ...
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Author: Canuck57Canuck57 Date: Mar 29, 2008 11:59
> On Mar 29, 8:49 am, "Econotron" hotmail.com> wrote:>> "anon" privacy.net> wrote in
>> messagenews:1PhHj.50$ta2.10@trndny05...
>>>>> "Econotron" hotmail.com> wrote in message
>>>news:SXbHj.25$oE1.13@trndny09...>>
>>>> Fed knows that there would be no rerun of 1929, for the reasons
>>>> explained
>>>> here and elsewhere.
>>
>>> The problem is the current Fed chairman. He has spent his life studying
>>> how to prevent the 1930s. And he wants to use his solution regardless
>>> whether the problem is similar. He sees deflation behind every corner.
>>> He
>>> has a solution (helicopters) looking for a problem.
>>
>>> The way the paper based money works, a government can always engineer ...
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