- "We are witnessing the greatest theft in the history of the world."
- Banning over-the-counter derivatives that serve no role in capital formation but greatly increase systemic risk.
- Breaking up too big to fail banks that pose systemic risk.
- Offering real price stability. Two percent inflation is not benign, it is cancerous.
- Create a favorable investment and growth climate by ending regime uncertainty in areas such as taxes, healthcare, regulation and other government impositions.
Its a shame we cant let out system work the way it is supposed to- unfettered from artificial constraints. A free market is supposed to be just that- free. Not regulated buy a private bank with an official sounding name.
ReplyDeleteIf Government Motors (GM- which the U.S. taxpayers still own around 25% of) is going bankrupt, let that motherfucker go, we are under no obligation to make sure a company that is "too big to fail" doesn't fail. Especially if after we finance their $4 TRILLION bailout, they continue to make shitty cars- (Volt, electric car nobody is buying) nobody wants.
Did anybody try to stop the Titanic from sinking? (alright, they might have, if they had time, but) That bitch sank like it was supposed to. It was too big, and too well engineered, with double hulls, to sink. It was unsinkable.
Just like our economy.
End comment.