"Federal Inflationary Policies Mask Real Problems"


Great quote if the site ever lets you get to it

ABC News likes to take control of your computer and their sites load v-e-r-y——s-l-o-w-l-y, but this John Stossel article delivers the money shot.

How can the economy straighten itself out if it is being systematically skewed by government inference with prices? We are in the mess we're in precisely because of earlier government interference. Easy mortgage terms and guarantees contrived a housing boom and irresponsible lending that could not be sustained. The consequences have shaken the foundation of the financial industry. But instead of freeing the market and allowing the errors to be corrected, the government is seducing the economy into a whole new set of errors. That will lead to the next bust.

Of course I agree, and I still want to know why ANYBODY is trusting government to fix this when government usually only makes things worse.

— NeoWayland

Posted: Tue - December 9, 2008 at 06:54 AM  Tag


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