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To: carranza2 who wrote (70419)9/16/2008 7:26:44 PM
From: Maurice Winn1 Recommendation  Respond to of 74559
 
C2, we extreme fanatical right wing extremist Libertarians are the polar OPPOSITE of Nazi ideology = National Socialism and the individual subsumed to the state and force decides all.

Yes, the Fed should take away the punch bowl when the party is just getting going. They did do that.

After the Y2K crunch and 911 panic, they left interest rates low enough long enough to avoid what was feared which was cascading implosion beyond the financial relativity theory event horizon into black hole territory from which there's no escape other than Hawking radiation which is not a lot of fun.

Some people get drunk by swilling early. Watching how much each individual drinks and issuing them drink vouchers if they are of good repute after being vetted by a government agency is not the way to run a financial system.

It is a judgment call when to raise interest rates and it did seem about a year too slow for my liking. But that's a detail. Similarly, they were about a year too slow raising in Y2K.

Socialism and government regulation are best minimized, not brought in because there's a bit of a financial glitch between creditors and their dead beat borrowers.

Repent! Don't follow the Zombie mob who blame Uncle Al KBE.

Mqurice