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Investments > Investing Science > Re: The Fed's i...
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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 23, 2008 at 10:14 PM

<Video61@[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.
 




 9 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 

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tan12V112 Sun Jul 6 17:55:53 CDT 2008.