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

Group: sci.econ · Group Profile
Author: Video61
Date: Mar 29, 2008 10:38

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
>> that it took this long to come about. Hell not only did I expect it,
>> I've even bet on it. All those puts I bought that expired worthless I
>> looked on as the cost of doing business, now that I should be hugely
>> in the money the Fed steps in to screw me over.
>
>> Well in all honesty there haven't been that many puts ...because while
>> I believe in a free market I know that we do not have one. Anyone who
>> saw this coming could just as easily seen the response...
>
>> In my opinion is the stupid thing was all the morons defending the
>> current system as though laissez-faire was what we had. To call what
>> we have a free market is to indulge in Orwellian double speak of the
>> first order.
>
> Well, right. There hasn't been a laissez-faire system since prior to the
> Industrial Revolution.
>
> JG

and we see how well that served humanity didn't we:) hey galt, are
you walking the talk, have you fled the markets yet. because as we see
today, the emperor has no cloths. and the markets are being propped up
by the nanny state. i am sure you do not want to gain a advantage from
your investments by subsidy do you?
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