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To: UnBelievable who wrote (123164)	9/18/2001 1:03:58 AM
From: pater tenebrarum	Read Replies (2) \| Respond to of 436258

admittedly, to some extent it has a deterministic element, especially as the process has already come to the point where it is too late to propose solutions. or rather, whatever solutions can be proposed won't be painless. the excesses will be washed out no matter what, it is merely a question of how quickly and how painful exactly. but as you know, my criticisms have a concrete target, that target being everything that hampers the free market, and more specifically the central bank system as it is now. the boom/bust cycle is clearly a result of the central banks activities, and it would probably be a good idea to think about reforming this system. trying to avert the unfolding economic calamity is a fruitless task, and my contention is that the well-intentioned interventionism that is so popular is exactly the wrong remedy, it only unnecessarily lengthens and deepens the malaise. the greed you mention could only produce harmful excess because the cb's and governments have been conniving or co-opted.