>> I also think it’s a really good idea to have the govt as a stabilizing force to prevent economic panics and hyperinflation, but again I really can’t do that on my own.
Ah, the crux of the matter.
Do you want “the government” to “stabilize” the economy by lowering interest rates, thereby rewarding the speculators who caused the current bubble with inflation and more rising prices for their ponzi scheme, but punishing savers and wise borrowers who rely on low inflation?
Or would you rather keep inflation under control by placing rates where they belong in an economy comprised of too many drunken borrow-and-spend sailors? In other words, let the market punish those guilty for the excesses of the housing bubble (and let the chips fall where they may)?
Whose ox ought the government to build a pen around? Because, by definition the “guardrail” you desire keeps someone in, and shuts someone out.
Do you not think the savers have benefited from the “bubble”.
Have not savers who own Home Depot stock, etc not benefited from the housing “bubble?
I believe that we are all in this economy together and that a rising tide lifts everyone’s boat in general.