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Originally Posted by underdog1425
Madoff turned himself in btw. And most of his (his investors I should say) money was never found. He will be one RICH and dead mofo when he gets out.
But I really like this argument of yours, sure does put things in perspective.
I also like the argument that the past two recessions were supposed to be depressions but we 'fixed' them with dropping interest rates etc. A free market is like an organism, it will do what it needs to, and if it needed to go through a depression and we put bandaids on it to lessen the impact....then a depression is still on the way.
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Ya Madoff really shook the whole system. When his story went public, all investor trust was shaken.
Well look, just like many things in life there are more than one way to skin a cat. I don't necessarily think that John Maynard Keynes was 100% wrong in his theory. Nor do I think supply-siders are wrong. Actually in their own respect they are right. IMO, you can choose either path and end with the same results when fighting with a recession. The question to ask is, what is the cost?
You are right about it being an organism. The economy, no matter what country, is like water. It will always find its level on its own. Sure it may slosh around a little but it will ALWAYS equalize. I personally think in the US that the Federal Reserve and actions of the US government do more harm than good. They create higher peaks and lower valleys. They increase the frequency in which we enter recessions. What you have is man trying to manipulate something bigger than their mind can comprehend. They tend to forget about the invisible hand that Adam Smith first spoke about in the 1700's and our fore-father's understood. You can't truly manipulate the market in the long run. The market will end up manipulating you.
Quote:
Originally Posted by Kal-EL
Don't look at me mang, my country was illegally overthrown by the United States, you guys owe me some restitution and I'm not talking a few parcels of land to put up a Tiki torch or two.
Ua Mau Ke Ea O Ka Aina I Ka Pono
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Damn island people.
You can have California
