Caption: **OUCH** What's that headache I'm getting? Adam Smith just gave me the biggest slap in the history of Capitalism.I feel your pain Bernanke, but I don't understand you. Whatever happen to Laissez-Faire, free market economy and capitalism? Must we always try to intervene with the nature of the free market? The excess (of debt in general, subprime or not) was created by a low rate environment. So to fix it, shouldn't we do the opposite (raise rate)?
So you decided to lower the Fed fund rate just because the market was spooked for one day? Why can't you let the market work itself out? Isn't that the basic principle of the "free market" economy?
And why this doesn't feel like its the first time we have excess of capitalism injected in the economy and have it taken away by the central bank? See: Panic of 1907, Crash of 1929...etc
I hope you are right and I'm wrong, Mr. Chairman. Because if you are wrong, there will be a whole lot more bloodshed...
So you decided to lower the Fed fund rate just because the market was spooked for one day? Why can't you let the market work itself out? Isn't that the basic principle of the "free market" economy?
And why this doesn't feel like its the first time we have excess of capitalism injected in the economy and have it taken away by the central bank? See: Panic of 1907, Crash of 1929...etc
I hope you are right and I'm wrong, Mr. Chairman. Because if you are wrong, there will be a whole lot more bloodshed...
2 comments:
Good day !.
You re, I guess , perhaps very interested to know how one can reach 2000 per day of income .
There is no need to invest much at first. You may start earning with as small sum of money as 20-100 dollars.
AimTrust is what you haven`t ever dreamt of such a chance to become rich
The firm represents an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.
Its head office is in Panama with offices everywhere: In USA, Canada, Cyprus.
Do you want to become a happy investor?
That`s your chance That`s what you wish in the long run!
I`m happy and lucky, I began to get income with the help of this company,
and I invite you to do the same. If it gets down to select a correct companion utilizes your money in a right way - that`s it!.
I earn US$2,000 per day, and what I started with was a funny sum of 500 bucks!
It`s easy to join , just click this link http://ozazovojaj.mindnmagick.com/qylehyz.html
and go! Let`s take our chance together to become rich
Good day !.
You re, I guess , perhaps curious to know how one can make real money .
There is no initial capital needed You may commense earning with as small sum of money as 20-100 dollars.
AimTrust is what you need
The firm incorporates an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.
It is based in Panama with offices around the world.
Do you want to become really rich in short time?
That`s your chance That`s what you really need!
I feel good, I began to take up real money with the help of this company,
and I invite you to do the same. If it gets down to choose a correct companion who uses your funds in a right way - that`s it!.
I earn US$2,000 per day, and what I started with was a funny sum of 500 bucks!
It`s easy to get involved , just click this link http://xihehegej.freecities.com/irywywe.html
and go! Let`s take this option together to become rich
Post a Comment