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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (6950)	6/4/2006 7:42:08 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 217764

Aha, I see the problem. Because I say it's easy to set the price correctly, give or take a bit, you mistook that as meaning even a central planner could do it, as in electorate-appointed politicians choosing somebody or committee to set the price correctly. My lengthy experience of government is that they can't do even simple things correctly or even reasonably sensibly, let alone bang on precisely with minimal entropy. Meanwhile, since the USD is in fact centrally planned, me saying it is easy to set the price correctly was mistaken as being me in favour of governments setting such a price and thinking they could do it correctly, or even approximately correctly. Uncle Al did a sterling job [cool pun there] but even that was rough around the fringes - for example, as I explained, in Y2K he should have been putting interest rates down long before he did. I think he was looking beyond money management to political management and appointment of King George II as Republican in Chief. But since he and Bill Clinton's regime seemed to have good judgment on money matters, I am not totally convinced that it was political game playing rather than outright money mismanagement. It would of course have been Al Gore, not Bill Clinton and perhaps Uncle Al's judgment was that Bush and co would be better money managers than Mr Stop the World Kyoto Greenhouse Man. King George II did boot the Kyoto nonsense out of play, so that was good. And just as well, in that regard, that Gore didn't get control. Unless he might have done something swanky like tell Iran, Iraq and Saudi Arabia that any oil coming from them into the USA would have 100% duty added. Mqurice