Financial Sector self-destructing
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Re: Financial Sector self-destructing         


Author: John Galt
Date: Mar 29, 2008 11:58

"Roy Batty" gmail.com> wrote in message
news:MPG.225856435de3d4bf98a593@news.individual.net...
> 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 ...
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Re: Financial Sector self-destructing         


Author: Canuck57
Date: Mar 29, 2008 12:07

tcq.net> wrote in message
news:3fb674e2-e51c-40ee-944f-c7028bdcf367@8g2000hse.googlegroups.com...
> On Mar 29, 12:26 pm, Jerry Kraus yahoo.com> wrote:
>> On Mar 29, 12:16 pm, Vide...@tcq.net wrote:
>>
>>
>>
>>> On Mar 29, 4:04 am, Roy Batty gmail.com> wrote:
>>
>>>> tcq.net> 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 ...
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Re: Financial Sector self-destructing         


Author: Jerry Kraus
Date: Mar 29, 2008 12:08

On Mar 29, 1:44 pm, "Econotron" hotmail.com> wrote:
> "Jerry Kraus" yahoo.com> wrote in message
>
> news:743f2d1b-d299-43ed-8aa2-e13a18744bcc@c65g2000hsa.googlegroups.com...
> On Mar 29, 12:16 pm, Vide...@tcq.net wrote:
>
>
>
>
>
>> On Mar 29, 4:04 am, Roy Batty gmail.com> wrote:
>
>>> tcq.net> 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 ...
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Re: Financial Sector self-destructing         


Author: Canuck57
Date: Mar 29, 2008 12:10

tcq.net> wrote in message
news:438f057a-b845-473e-8184-00f6d92500bd@13g2000hsb.googlegroups.com...
> On Mar 29, 9:28 am, Jerry Kraus yahoo.com> wrote:
>> On Mar 29, 9:14 am, d2e2 bellsouth.net> wrote:
>>
>>
>>
>>> Vide...@tcq.net wrote:
>>>> On Mar 28, 2:42 pm, Jerry Kraus yahoo.com> wrote:
>>>>> On Mar 28, 2:34 pm, Vide...@tcq.net wrote:
>>
>>>>>> On Mar 28, 12:28 pm, Jerry Kraus yahoo.com> wrote:
>>>>>>>http://biz.yahoo.com/ap/080328/fed_credit_crisis.html
>>>>>>> In typical neocon fashion, the fascist at the Fed, Ben Bernanke,
>>>>>>> is
>>>>>>> continuing to bail out greed, incompetence, exploitation and
>>>>>>> destruction, at U.S. taxpayer expense, and, at the risk of further
>>>>>>> undermining the U.S. currency. Another 100 billion of your
>>>>>>> taxpayer
>>>>>>> dollars will be going to subsidize the multi-million dollar ...
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Re: Financial Sector self-destructing         


Author: Video61
Date: Mar 29, 2008 12:15

On Mar 29, 1:36 pm, Roy Batty gmail.com> wrote:
> 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
>>>>>> proclaiming their beliefs. i see none of that.
>>>>> Actually I would call myself a free marketer.
>>>>> I've expected this outcome for a couple years I am really surprised ...
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Re: Financial Sector self-destructing         


Author: Roy Batty
Date: Mar 29, 2008 12:15

John Galt bluebottle.com> wrote:
> More corrupt than Libertarian. Libertarian economics doesn't necessariy
> assume that the markets will behave well all the time -- in fact, they
> assume just the opposite. What they do assert is that although the
> governement is quite able to fix the markets when they distort, the
> goverment will fail to do so by (most of the time) choosing the wrong "fix."
>
There's a TV show called "Jericho", about a massive nuking of the USA and
such.

It was cancelled by NBC, but revived due to fan support.

The most facinating discussions I read about the show were in Libertarian and
Survivalist news groups!

It hit a home run!
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Re: Financial Sector self-destructing         


Author: Video61
Date: Mar 29, 2008 12:18

On Mar 29, 1:44 pm, "Econotron" hotmail.com> wrote:
> "Jerry Kraus" yahoo.com> wrote in message
>
> news:743f2d1b-d299-43ed-8aa2-e13a18744bcc@c65g2000hsa.googlegroups.com...
> On Mar 29, 12:16 pm, Vide...@tcq.net wrote:
>
>
>
>> On Mar 29, 4:04 am, Roy Batty gmail.com> wrote:
>
>>> tcq.net> 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.)."
> ...
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Re: Financial Sector self-destructing         


Author: Canuck57
Date: Mar 29, 2008 12:19

"Les Cargill" cfl.rr.com> wrote in message
news:47ee78c6$0$24107$4c368faf@roadrunner.com...
> One has to invoke a certain class of Choice to posit health care or
> education as public goods. They are, unfortunately, goods which
> follow public consumption patterns but private production patterns,
> which makes them almost neither. And we don't really know how
> to measure them, since people's lives are almost literally at stake.
>
> 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.

One could, at least in a compassionate society view health care as a
utility. As with schools. Does not precluded nor imply private enterprise.

Any system, be it public or private needs competition and motivation to
become the best and efficient at what it does. Without this, they stagnate,
become less efficient and don't change much, even if change is needed.

The Canadian/British system has it's merits, but so do other countries
including the US. You don't see waiting lines there. But costs are high as
is the service.
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Re: Financial Sector self-destructing         


Author: Jerry Kraus
Date: Mar 29, 2008 12:21

On Mar 29, 2:07 pm, "Canuck57" unixhome.net> wrote:
> tcq.net> wrote in message
>
> news:3fb674e2-e51c-40ee-944f-c7028bdcf367@8g2000hse.googlegroups.com...
>
>
>
>
>
>> On Mar 29, 12:26 pm, Jerry Kraus yahoo.com> wrote:
>>> On Mar 29, 12:16 pm, Vide...@tcq.net wrote:
>
>>>> On Mar 29, 4:04 am, Roy Batty gmail.com> wrote:
>
>>>>>  tcq.net> wrote:
>
>>>>>>  you are correct.
>>>>>>  here is a little peice i made up explaining
>>>>>> conservative/libertarian
>>>>>> lunacy. ...
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Re: Financial Sector self-destructing         


Author: Canuck57
Date: Mar 29, 2008 12:23

tcq.net> wrote in message
news:81adf41d-250b-4608-9a09-1cc00123f6c2@8g2000hse.googlegroups.com...
> On Mar 29, 8:21 am, ajames54 hotmail.com> wrote:
>> 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
>>> proclaiming their beliefs. i see none of that.
>>
>> Actually I would call myself a free marketer.
>>
>> I've expected this outcome for a couple years I am really surprised
>> that it took this long to come about. Hell not only did I expect it, ...
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