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


To: sense who wrote (198176)4/14/2023 6:04:02 PM
From: Rarebird  Read Replies (1) | Respond to of 218000
 
You are speaking of "free markets" as some sort of divine principle independent of human emotion. Humans manipulate. They tend to act in accordance with what is best for them and their family. You can never get rid of bias and self-interest.

No Fed means the Market sets all rates. I understand that in theory. But that's not the reality of the situation. The Fed is used as a mode for the self-preservation of society. Free markets are useless when there is a major banking crisis and the financial system is ready to crumble. Free markets are deficient because they let whatever happens, happen.

Pure libertarianism is an abstraction. Economically speaking, pure libertarianism would create the same iniquities as capitalism does, but since it based on free markets, which, in turn, is ultimately based on Freedom, Human Freedom, regardless of the source or inspiration of the Freedom revealing itself.

I wish you would elaborate on this concept of "Free Markets" and how you plan to get around the interference of human bias and self-interest.

I don't live in a Utopia.



To: sense who wrote (198176)4/14/2023 6:24:47 PM
From: TobagoJack  Respond to of 218000
 
Re <<free markets>>

… thank goodness gold got smashed down.
I needed that.