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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: John Madarasz who wrote (122680)9/17/2001 11:22:32 AM
From: pater tenebrarum  Read Replies (1) of 436258
 
true...the ideal of the free market was thrown overboard a long time ago...to be precise, in '87. ever since the '87 BK, the official credo is that markets are not to be trusted, and thus should be subject to intervention. of course a rogue event like the attack on the WTC forces the authorities hand, but that doesn't change the fact that this is intervention number umpteen to keep the paper mountain intact by growing it even larger. it is precisely because this element has been introduced (the Greenboink put, basically) that we have experienced the bubble and its aftermath.
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