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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (852806)4/28/2015 12:27:44 PM
From: i-node1 Recommendation

Recommended By
TimF

  Read Replies (2) | Respond to of 1576777
 
>> Volatility and bubbles are not some special characteristic of current tax rates. They happen with all sorts of different tax structures and levels.

I really would like to see some evidence that tinkering with policy actually stabilizes anything. It presupposes that policy can react on a timely basis, and it just cannot.



To: TimF who wrote (852806)4/28/2015 2:54:34 PM
From: combjelly  Read Replies (1) | Respond to of 1576777
 
While bubbles and volatility are not unique to our present circumstances, it was very much reduced before we turned our financial system into a casino. The financial system is supposed to be a service, not an end unto itself.

Unregulated, the system becomes unstable and is prone to crashes which wipes out the middle class every decade or two. You can't run a developed, technological economy that way.


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