Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: pater tenebrarum who wrote (4079)	6/1/2001 10:19:30 PM
From: Davy Crockett	of 74559

otherwise know as a moral hazard it is precisely its willingness to err on the side of lower (way too low during the boom) rates , the bailing out of speculators at every turn and the refusal to adopt targets for the growth of monetary aggregates that has brought about the vast imbalances & ....all this could have been avoided - by allowing the market to decide the level of interest rates. the demand and supply of money would have properly regulated itself. the boom would have been more modest... Deja vu all over again <ng> Regards, Peter

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