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Strategies & Market Trends : ahhaha's ahs

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To: ahhaha who wrote (1323)	2/28/2001 1:41:35 PM
From: Ilaine	Read Replies (1) of 24758

Do you really think a free market in money is a good idea? I mean, a totally free, unregulated market? My mental analogy, which you may laugh at, is the flow of traffic in a metropolitan area. Without traffic signals, and speed limits, and laws prohibiting drunk drivers and laws requiring vehicle safety, there would be chaos. Similarly, one of the things that makes capitalism workable is the rule of law. So we need traffic cops on the street, and the functional equivalent of traffic cops in the markets, I think. But I do wonder whether the Federal Reserve system is the best we can do.

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