All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: Efthymios H. Zacharias who wrote (31711)	5/8/2000 4:29:00 PM
From: pater tenebrarum	Read Replies (3) of 42523

i agree with the gist of this article...that's the intervention blueprint. i also agree with the conclusion, namely that intervention is ultimately bad for the market. which reminds me of the Fed, which i can't criticize enough. if the Funds rate were left to market forces, the current extremes in credit demand would have pushed it much higher already, thus exerting self-regulatory pressures on credit demand and with it the economy. but we're assuming that a bunch of bureaucrats KNOWS what is the best interest rate and creates money out of thin air to satisfy all comers at that rate. this is what has produced this incredible unstable and dangerous crack-up boom. we'll all live to regret it...

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