Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Richard J. Byrd who wrote (10376)	11/25/1997 7:18:00 AM
From: Jack Clarke	Read Replies (1) of 94695

Dick: If providing liquidity (taxpayers' money, directly or indirectly through currency debasement) isn't intervention, what is? My feeling is that free markets ought to be free. If people and institutions are dumb enough to create and participate in tulipmania or our own current stock market bubble, they should bear the pain when the bubble pops. Otherwise, the prudent and conservative people pay for the mistakes (and profits) of the rash and imprudent. My point is that our politicians should be leaders and not let the foolhardy get the whole country into such a position, just to let the good times roll (temporarily) and keep themselves in power. Am I being cynical? Jack

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