----- "Ken Barber" <[email protected]> wrote:
> On Apr 20, 2009, at 4:46 PM, Timothy Ball wrote: > > > this list is a totally inappropriate place to ask but: > > "why do you all hate the fed so much?" > > When you write to him off-list, please CC: me. I'd like to know too. I'm going to throw a bit of humor into this and try to make it a little on topic at the same time. I don't pretend to know it all, nor do I speak for anyone but myself. What peeves me off in what is going on right now is just the idea that those who risked a lot of money are being bailed out to shore up the rest of the market. Industry that is too big to allow to fail is a problem. Throwing money in at the top, and expecting it would trickle down is a problem. Didn't we learn during Reagan that trickle down economics isn't really that good over all. I don't expect that even in hindsight, anything short of banning some financial derivatives up front could have made anything better. I don't hate the "fed" so much as I am annoyed with the decisions that seem to be aimed at smoothing the waters and maintaining the status quo rather than allowing a proper ecosystem develop. I do believe that extinction is needed from time to time for that proper ecosystem. I'll be happy to see a resurgence of fiscal conservatives and a drop in the moral conservatives. -- Steven Critchfield [email protected] --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "NLUG" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/nlug-talk?hl=en -~----------~----~----~----~------~----~------~--~---
