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Politics : Al Gore vs George Bush: the moderate's perspective -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (2567)	10/16/2000 6:42:49 AM
From: long-gone	Read Replies (1) \| Respond to of 10042

<<Where have you been? Japan is mired in a recession-sub par growth period for years. Some measure it from 1989 when the Nikkei hit 40,000, >> I said nothing about Japan, but now that you mention it, they have brought about much of their own problems because they have such active blocks against imports & their stock market got to that level because of government intervention in the first place. Yes, the government of Japan directly supports the stock market of Japan! Is this what you call a "free market"? << for one believe that Greenspan (a devout Ayn Randist, at least in his youth <g>) has kept interest rates excessively high during periods of low inflation to enable him to use that one instrument in those cases he sees an imminent dislocation developing in the financial markets, as he did during the Asian crisis and the Russian default. Was that within the boundaries of what law allowed? I think so.>> He also has the power to directly limit MARGIN lending!!!! If you had read the article in more depth, though, you would have noted it spoke as much about the intervention by Treasury as that of the Fed. At what level does intervention do more overall harm than good?