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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (38252)6/27/2001 11:57:07 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 65232
 
if they had abolished the Fed at 1900
we wouldnt have had the Great Depression of 1929-1932
nor endless expansion/ recession business cycles
we would have cycles, but not as high up and low down each time

the Fed is a joke, but a reality
still believe they are our land's Communist Politburo, a contradictory manifestation of Free Enterprise and Capitalism

I personally think the concept of free enterprise and capitalism scares the pants off politicians and policymakers
it essentially puts them out of a job

/ jim