Newmont Mining(NEM) & Newmont Gold(NGC) 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.

Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ahhaha who wrote (169)	5/16/1999 10:55:00 AM
From: Bob Dobbs	of 587

Ahhaha: Your thesis is correct - it DRIVES TO THE HEART of what is structurally wrong with our global monetary system. The intent, to rescue markets at critical times, is unjustified. The ability to create credit at arbitrary interest rates, usually below those of the free market, creates a long term instability. There are several negative consequences: liquifying markets which are economically unviable, shunting investment from needed areas, and supporting moral hazard. Ultimately, the system breaks down, and only 1 or 2 in ten million, such as you and I, are able to explain why. That Uncle Milty has defected to the Keynesian camp is subtle but unmistakeable. He is one of the finest monetary historians, and his elucidation of the role of the free market and the flow of capital is praiseworthy. He has, however, become an apologist for the Fed. It is sad that one so learned cannot stand up for his long forgotten principles. We have seen the Monster from Jekyl Island on the plains of Kurukshetra. Are you with me Arjuna? B'Hob D'Hobbs

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next