Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: shades who wrote (71830)	12/23/2009 8:13:46 PM
From: Maurice Winn	2 Recommendations Read Replies (2) of 74559

Thanks Shades. That's a good link with thinking going on in it: nakedcapitalism.com But it's a bit too fanatically leftish for my liking: < But, markets are not self-regulating. They fail – and catastrophically so. But no manner of real world experience seems to shake ideologues’ free-market zeal. To give you an example of the mindset, Alan Greenspan is reported to have thought that markets could even self-regulate fraud – no regulatory oversight necessary. > I don't know of any market which has failed. Especially not catastrophically. Also, Alan Greenspan KBE was right, if he said that fraud is somewhat self-regulating, in that people learn to deal only with reputable people. Reputations are valuable things. Large companies jealously guard their quality control and avoid fraud because once a reputation is lost, it doesn't come back. Governments and government-controlled institutions don't have to worry about reputation so much as market-driven businesses. Governments couldn't care less about reputation because they are total monopolists. Mqurice

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next