Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: groanup
It's just 90% the government's fault. The government would love for us to blame it all on business cycles, bubbles, and Martha Stewart. I'm going to continue to blame the government where it's due.

As to the olden days, do you really think our financial system was as robust, informed, and adaptable as it is today?

53 posted on 12/01/2004 5:48:41 PM PST by Moonman62 (Federal Creed: If it moves tax it. If it keeps moving regulate it. If it stops moving subsidize it.)
[ Post Reply | Private Reply | To 52 | View Replies ]


To: Moonman62
"I'm going to continue to blame the government where it's due."

Then I must ask you to give me an example of where the government was 90% of the reason for a market crash. I'll give you only one: the 30's recession when the Fed drained reserves instead of providing liquidity. But that was after the fact, after the crash.

58 posted on 12/01/2004 7:10:06 PM PST by groanup (Rats are afraid of the light so spread a little sunshine.)
[ Post Reply | Private Reply | To 53 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson