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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (121369)	9/20/2012 8:01:30 PM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

Oh yes. I don't like Centrally Planned Economies. I was very vocal on Bush's deficits, even when I still supported him. I also remember having many many conversations with my old dad about how Greenspan and Bernanke were bubble blowers and manipulative. I don't know if I talked about it much on these threads, though, because I didn't have the passion for it back then, like I do now. Back then, I was more interested in learning about Muslims and why we were spending several trillion on wars on the other side of the world. So that was more top of mind back then. But one thing I have never like nor agreed with is the Fed's manipulation of interest rates. I've always been a believer in letting interest rates float. It is the most elegant solution for long term country solvency. But it is a freer market than we've had in a century, which means that it comes with sharper ups and downs. Most people don't have the stomach for that now. The bottom line is the free the market the faster the growth, but the greater the volatility. The more gov't planning, the less free the market is, which lowers growth trendlines, but reduces volatility. Take your pick. I prefer the former. It seems most Americans prefer the latter nowadays. So we'll become Europe and let's see if we like that when it happens.