tag:blogger.com,1999:blog-19217611.post525975555092144214..comments2024-03-28T09:13:04.373-04:00Comments on KIKO'S HOUSE: Alan Greenspan's Shocking Confession & The Myth of the Free-Market EconomyShaun Mullenhttp://www.blogger.com/profile/14964214385216513188noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-19217611.post-87061579248419748172008-06-28T09:12:00.000-04:002008-06-28T09:12:00.000-04:00yes, you are truly as stupid as alan greenspan. t...yes, you are truly as stupid as alan greenspan. the fed's "rate setting" is actually a target achieved through open market activity. i.e. interest rates ARE set by the market, just the fed buys and sells to effect the rate. read a book.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19217611.post-77397403150144612542007-11-04T11:10:00.000-05:002007-11-04T11:10:00.000-05:00"A truly free market would be based on a value sta..."A truly free market would be based on a value standard like the gold standard that cannot easily be manipulated for political or personal purposes"<BR/><BR/>Except that valuing an exponentially expanding amount of output using a finite quantity is possibly the most stupid idea ever to enter the head of a human.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19217611.post-88820733492277500022007-09-26T11:29:00.000-04:002007-09-26T11:29:00.000-04:00Jon Stewart's the best interviewer on the air toda...Jon Stewart's the best interviewer on the air today.Woody (Tokin Librul/Rogue Scholar/ Helluvafella!)https://www.blogger.com/profile/09205896988142798901noreply@blogger.comtag:blogger.com,1999:blog-19217611.post-38114508713623346982007-09-24T23:13:00.000-04:002007-09-24T23:13:00.000-04:00Alan Greenspan may be annoying in his style, but h...Alan Greenspan may be annoying in his style, but he is very smart. Nobody likes him because nobody likes what the economy is doing at any particular time except boom riders, and he tries to discourage them. What the Fed does requires a great deal of input, data from all over the world in every economic sector, a great deal of thought and analysis, and very little output. The reins that they control are very disappointing. No one <I>really</I> knows what is going to happen when they raise or lower rates. No one <I>really</I> knows what's best for the economy, the country or the future. We have successfully controlled inflation and avoided depression for a long time now, despite the abuse that politicians have heaped onto the economy. That strikes me as a wonderful outcome. <BR/><BR/>The benefit of capitalism is that it forces necessary sacrifices continually rather than suddenly in catastrophic surges such as the collapse of the USSR. <BR/><BR/>I think it's true that we, in the US, are not much better off than we were in the past, but in a worldwide perspective we're doing pretty well, but the economic uplift on the rest of the world has been pretty remarkable. Do you think the average Chinese citizen longs for the old days?jj mollohttps://www.blogger.com/profile/15011855944240477996noreply@blogger.comtag:blogger.com,1999:blog-19217611.post-3340100578800387262007-09-24T19:16:00.000-04:002007-09-24T19:16:00.000-04:00"...the scariest rumbling and farting in the U.S. ..."...the scariest rumbling and farting in the U.S. economy in ages..."<BR/><BR/>Oh please. Not again. Progressives are going to eventually run that well dry (faster, please), thinking that they can argue economy armed only with condescension and selective data.<BR/><BR/>Low unemployment has some positive value.<BR/>Low inflation has some positive value.<BR/>Rising net worth in all quintiles has some positive value.<BR/>Rising GDP has some positive value.<BR/>Against this you set a weakened dollar, which has ambiguous value.<BR/><BR/>Confirmation bias.Assistant Village Idiothttps://www.blogger.com/profile/01978011985085795099noreply@blogger.comtag:blogger.com,1999:blog-19217611.post-12745250657183945112007-09-24T15:43:00.000-04:002007-09-24T15:43:00.000-04:00It is a great opportunity to weigh in on one of th...It is a great opportunity to weigh in on one of these issues, that of the subprime residential mess. I believe that subprime lending is a lot like Jessica Rabbit...not bad, just drawn that way. There are companies, like <A HREF="http://www.oceancapitalonline.com" REL="nofollow">Ocean Capital</A> in Rhode Island, that make financing available for sole proprietor businesses that would not be able to secure financing in the traditional marketplace. We've all got to start somewhere and oftentimes a stated income loan is the only means to start one's business.mariannehttps://www.blogger.com/profile/06150052824044936121noreply@blogger.com