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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 409.23-1.0%4:00 PM EST
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To: Box-By-The-Riviera™ who wrote (44724)1/4/2009 5:31:20 PM
From: maceng2  Read Replies (1) of 219082
 
Alan Greenspan was afraid of imposing financial discipline on Wall Street. From my admittedly superficial reading on the subject, Schacht restored some order and wasn't afraid of short term unpopularity from powerful financial interests. I can see now where an aggressive dictatorship can slip in during social turbulence. The power of money normally exceeds the power of the ballot box, and only thuggery could perhaps intervene.

Thanks for your suggestion of further reading, I will certainly look out for the book.
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