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Re: The Fed's interventions for the fat cats show that the long held belief that markets are self-correcting has vanished. Laissez-faire is out; regulation is in

by "Econotron" <njmfis-1@[EMAIL PROTECTED] > Apr 24, 2008 at 10:58 PM

<Video61@[EMAIL PROTECTED]
> wrote in message 
news:ea8d1919-f258-4b5e-99fe-b301bf5d4c0c@[EMAIL PROTECTED]
> On Apr 23, 5:14 pm, "Econotron" <njmfi...@[EMAIL PROTECTED]
> wrote:
>> <Vide...@[EMAIL PROTECTED]
> wrote in message
>>
>>
news:87eb9db8-f2f9-42d8-83cd-468b3e6e845f@[EMAIL PROTECTED]
>>
>> > On Apr 23, 12:07 am, alexy <nos...@[EMAIL PROTECTED]
> wrote:
>> >> Vide...@[EMAIL PROTECTED]
 wrote:
>> >> >Bernanke Joins G7 To
>> >> >Stem Global Meltdown
>> >> >By Mike Whitney
>> >> >4-10-8
>>
>> >> <snip>
>>
>> >> >Mike is a well respected freelance writer living in Wa****ngton
state,
>> >> >interested in politics and economics from a libertarian
perspective.
>>
>> >> Hopefully the fact that you have taken to posting articles like this
>> >> indicates that you have gotten over your rather absurd notion that
>> >> financial bailouts are somehow related to libertarians.
>> >> --
>> >> Alex -- Replace "nospam" with "mail" to reply by email. Checked
>> >> infrequently.
>>
>> >
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
>> > greenspan is a card carrying member of the ayn rand cult. bernenke is
>> > considered a moderate libertarian, christopher cox the head of the
>> > toothless sec, is a libertarian that has made the sec toothless. glen
>> > hubbard and grover norquist are bushs economic advisers, libertarians
>> > both. henry paulson, the treasury secretary is a anti-regulation free
>> > market crank, and what does that make him?
>>
>> I wonder what that "card" looks like.:-) But let me do some cutting and
>> pasting once, to quote someone, who unlike yourself, was not confused 
>> about
>> which is who and what is where. You may find there some examples of the
>> "laissez-faire" and "libertarian" terms' proper use in a sentence.
>>
>> <quote>
>>
.......................................................................................................................................................................
>>
>> Also we can now see the mendacity of the common claim that private
>> commercial banks are "inflation hawks" or that Central Banks are 
>> eternally
>> guarding the pass against inflation. Instead, they are all jointly the
>> inflation-creators, and the only inflation-creators, in the economy.
>>
>>
........................................................................................................................................................................
>>
>> Throughout the first century of the Republic, the party favoring a 
>> Central
>> Bank, first the Hamiltonian High Federalists, then the Whigs and then
the
>> Republicans, was the party of Big Central Government, of a large public
>> debt, of high protective tariffs, of large-scale public works, and of
>> subsidies to large businesses in that early version of "partner****p 
>> between
>> government and industry/' Protective tariffs were to subsidize domestic
>> manufactures, while paper money, fractional reserve banking, and
Central
>> Banking were all advocated by the nationalists as part of a
comprehensive
>> policy of inflation and cheap credit in order to benefit favored 
>> businesses.
>> These favorites were firms and industries that were part of the
financial
>> elite, centered from the beginning through the Civil War in
Philadelphia 
>> and
>> New York, with New York assuming first place after the end of that war.
>>
>> Ranged against this powerful group of nationalists was an equally 
>> powerful
>> movement dedicated to laissez-faire, free markets, free trade, 
>> ultra-minimal
>> and decentralized government, and, in the monetary sphere, a hard-money
>> system based squarely on gold and silver, with banks shorn of all
special
>> privileges and hopefully confined to 100-percent specie banking. These
>> hard-money libertarians made up the heart and soul of the Jeffersonian
>> Democratic-Republican and then the Jacksonian Democratic Party and
their
>> potential constituents permeated every occupation except those of
banker 
>> and
>> the banker's favored elite clientele.
>>
.........................................................................................................................................................................
>> </quote>
>> e.
>
> obtw, econo, when you cite something, i need where it came from.
> because, i have read that libertarian crap about jefferson before. but
> that is not how he governed, and you know it.
>
http://mises.org/books/fed.pdf
Sorry, e.
 




 10 Posts in Topic:
The Fed's interventions for the fat cats show that the long held
Video61@[EMAIL PROTECTED]  2008-04-22 20:28:28 
Re: The Fed's interventions for the fat cats show that the long
alexy <nospam@[EMAIL P  2008-04-23 01:07:28 
Re: The Fed's interventions for the fat cats show that the long
starcade@[EMAIL PROTECTED  2008-04-23 02:41:41 
Re: The Fed's interventions for the fat cats show that the long
Video61@[EMAIL PROTECTED]  2008-04-23 06:22:24 
Re: The Fed's interventions for the fat cats show that the long
"Econotron" <  2008-04-23 22:14:15 
Re: The Fed's interventions for the fat cats show that the long
Video61@[EMAIL PROTECTED]  2008-04-23 06:23:19 
Re: The Fed's interventions for the fat cats show that the long
Video61@[EMAIL PROTECTED]  2008-04-23 17:13:59 
Re: The Fed's interventions for the fat cats show that the long
Video61@[EMAIL PROTECTED]  2008-04-23 20:15:00 
Re: The Fed's interventions for the fat cats show that the long
"Econotron" <  2008-04-24 22:58:30 
Re:"VIDEO61= A COMMUNIST WHO HATES AMERICA
greekgod777@[EMAIL PROTEC  2008-04-24 20:31:18 

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tan12V112 Tue Dec 2 0:46:51 CST 2008.