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Posted: 4/11/2001 6:11:47 PM EST
After surfing through various boards the past few months, a strange trend as surfaced. Many of my fellow firearms enthusiasts, who believe in less government intrusion, believe that the government should pull out all the stops to keep "the market up" and the economy "healthy". If the governemnt was purposing price freezes and rent controls, you would be crying SOCIALISIM!!! But you don't see a problem with interest rate changes and other methods of economic manipulation. I don't wan't to see a downturn, but sometimes these things are a foregone conclusion. The market has been overinflated for years now and people are credit spending worse than ever. I'm of the opinion that many individual investors somehow feel wronged by the downturn. They should have known (and did know) that the market is not the bank. They seem to have forgotten that this was a possibility and desire implied protection. Not coverage of losses, but rather manipulation so that losses don't occur. It smacks of hypocracy. In this behavior, I can see how the implied insurance of a socialist system gets into people. Your thoughts???
Link Posted: 4/11/2001 6:13:41 PM EST
What? Me Worry>?
Link Posted: 4/11/2001 6:17:03 PM EST
Not me man. When the nut cuttin is over the healty will survive. If they can't survive what ammounts to about a 8-9% correction forget them. Who the hell would buy some of this crap with a PE ratio higher than their IQ? Oh, I think I just answered my own question.
Link Posted: 4/11/2001 6:18:53 PM EST
I'm from the government and I am here to help.[;)] No, but seriously I have never thought that the government should have anything to do with boosting or controlling the economy. Why would you want a bunch of idiots who can't understand how to design a balanced budget telling businesses what to do. Those guys have no more business monkeying with the economy than I do performing brain surgery. Aggie1
Link Posted: 4/11/2001 6:22:31 PM EST
The less "help" offered by the gov't the better off we will be. Their fixes always seems to cost me more money!
Link Posted: 4/11/2001 6:55:46 PM EST
Woa, that flew right over me
Link Posted: 4/11/2001 7:03:03 PM EST
I agree. The same people who run to government like they ran to their daddies when the economy dips are philosophically the same people as the gun control crowd. "I'm scared! You are big and powerful, so help me!" Makes me sick.
Link Posted: 4/11/2001 7:09:07 PM EST
Nossir, keep Mr. Greenspan's fingers off of the economy(via interest rate fiddling). I don't support meddling in the free legal markets, has this sort of whining for our govenment saviours happened here? I hadn't noticed if it did, honest. Juggernaut
Link Posted: 4/11/2001 7:24:41 PM EST
Well, this is just food for thought, but if the Federal Reserve wasn't "Federal" at all, and just a seperate entity (this is purely hypothetical, of course), do you think that the fiddling of interest rates would be more so or less an influence on micro economy and large scale consumer spending? My thoughts: probably not. Government influenced/controlled or not, Alan Greenspan is still going to keep his fingers on the strings of the national interest rate...why? Because he's old, and old people are stubborn! (It's true, dont deny it, you know it's true). But seriously, not that I think Mr. 'Span is an economic genius, but he's unfortunately one of the best people we have, until we can find a cure for death and the technology of time travel to conjure up such folks as Alan Smith and Keynes. But that's just the Jew's 2 cents (and no I'm not jewish, so that doesn't explain my economic interest, lol). The Big Jewboski~
Link Posted: 4/11/2001 7:25:19 PM EST
*Adam Smith, not Alan Smith....silly jew....
Link Posted: 4/11/2001 7:32:04 PM EST
KEYNES!!!!! JOHN MAYNARD KEYNES!!!!! He is the idiot that gave us most of the assanine economic theories we have today that the government employs! Big "public sector" spending and employment, heavy taxation, cental economic planning. . . He is a watered-down Marxist.
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