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We aren't on any path to certain ruin, any more than we are on a path to the revolutionary victory of the proletariat. It is a load of ideological bilge. The economy is fine, finance is fine, capitalism is fine. They are the greatest engines of human well being in the history of the world, and they will be here going strong long after you are fertilizer. There will be plenty of bubbles, and plenty of recessions, and currency crises, and financial meltdowns, and all the rest of it. There have been for hundreds of years and there will be for hundreds more, and none of them will end anything, the world will turn, and capitalism, as always, will heal and adapt and improvise and overcome. And all the doom selling snake oil charlatans demanding we give up our essential liberties lest we be doomed to instability and insecurity, might as well doom us to breathing and getting out of bed in the morning. You can't have any of it. It isn't for sale, least of all to mere sky is falling screamers without a clue how it actually works.

We aren't on any path to certain ruin, any more than we are on a path to the revolutionary victory of the proletariat. It is a load of ideological bilge. The economy is fine, finance is fine, capitalism is fine. ...There will be plenty of bubbles, and plenty of recessions, and currency crises, and financial meltdowns, and all the rest of it. There have been for hundreds of years and there will be for hundreds more, and none of them will end anything, the world will turn, and capitalism, as always, will heal and adapt and improvise and overcome. And all the doom selling snake oil charlatans demanding we give up our essential liberties lest we be doomed to instability and insecurity, might as well doom us to breathing and getting out of bed in the morning. You can't have any of it. It isn't for sale, least of all to mere sky is falling screamers without a clue how it actually works.

Did you realize that you just became a Marxist you pompous sad unfeeling soul. You have moved yourself from the dispassionate observer hoping to help everyone understand and gain some understanding, to clueless twit, to shill of the world financial order in a few very short posts. This is an amazing screed. It really is.

To view this as just part of the march of historical process, never mind that it ruins the lives, entire lives, of major portions of populations, is Marxist. That is Karl Marx and what he stood for and what he wrote about. That complete unfeeling unthinking jerks like you would not care is how Marx and Engels sold communism as the antidote. So keep it up. You are walking down a well-worn path towards historical oblivion. There must be a special place in hell for folks like you who would see a problem that happened in history and attempt, not to avoid it, but to deliberately repeat it, knowing that it will come out the same way again this time.

And all the doom selling snake oil charlatans demanding we give up our essential liberties

Who is demanding you give up essential liberties?? Some of us are demanding we take back some essential powers we never gave to the government. Or are you defending your constitutional right to the output of a free printing press of fiduciary fiat currency? I think that that is it.

I don't know of anyone around here who is demanding doom and gloom or selling snake oil to deprive anyone of his liberties. Instead a lot of us think that the overly free expansion of credit by the Federal Reserve (and get this through you thick dense skull, no reputable economist thinks anything other than that the FED does control the expansion of money and credit - your idiotic snake oil aside) has so distorted our economy that very little makes any sense any more, and that a bit less of it, and a lot of ruination of entities that do nothing productive, would help put us back on a sound economic footing.