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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (25950)	12/14/2004 12:31:02 PM
From: gpowell	Respond to of 306849

From your link (http://cepa.newschool.edu/het/profiles/law.htm): Law's note-issuing bank was a spectacular success -- until it collapsed after a bank run in 1720 If only he had implemented FDIC, we'd all be speaking French now.

To: Elroy Jetson who wrote (25950)	12/14/2004 6:54:05 PM
From: GraceZ	Read Replies (2) \| Respond to of 306849

Like all Socialists, you have perfectly legitimate reasons why your Socialist system of hidden taxes and hidden subsidies is "more fair", "more efficient", or more to your taste. It's not what I think, it's what the people who vote think. Once the population moves towards Socialism they don't give it up without a collapse. I swim in this soup the same as you with only one vote, the same as you. You want someone to beat on for what you see as official stupidity, I'm convenient, I counter your BS, so you decide it's my fault. Meanwhile no one is more of a Capitalist than I am, no one. I'm surrounded by people who think that the primary purpose of the government is to provide a guaranteed existence. They believe the government creates prosperity, creates jobs and that corporations are evil entities that should be completely regulated by the state. They also believe that the government should protect people from their own stupidity and promote homeownership at any cost. Blame the voters, they've gotten exactly what they demanded. Listen to AG's Q&A with the Senate or House Banking committee and tell me that the Congress doesn't look to monetary policy to provide prosperity, to undo their policy blunders and lack of spending discipline. You want to blame tax cuts and borrowing, monetary policy, but what about the expense side? Congress is like my sister when she told me the problem wasn't that she spent too much, it was that her husband didn't make enough money!