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Posted by Hawke on April 11, 2008, 11:48 pm
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> Ed Huntress wrote:
> >> At some point will all of this Enron style financial
> >> ""wizardry"" cause currency to collapse and
> >> all hell to break loose in the USA?
> >
> > Nope.
> >
> >>
> >> Wouldn't the collapse of currency be the ONE THING
> >> capable of starting an actual civil war in this country?
> >
> > If the Iraq war won't do it, after our experience in Vietnam, probably
> > nothing will.
> >
> >>
> >> When currency collapses you get memorable pictures
> >> of people trading a whole wheelbarrow full of worthless
> >> cash for one lousy loaf of bread. It has happened before.
> >
> > For different reasons.
> >
> >>
> >> We've had too much big government for way too long.
> >
> > Probably not enough, in this case.
>
> We have plenty Ed. The problem is it isn't any good.
In this case I don't think it's a matter of the government not being any
good but instead it's a matter of a government that doesn't believe in
regulating business. Because this government is for allowing the markets to
operate without government interference, the markets are expected to work
out any problems without any outside help. It's not supposed to need any
help because the "market" is supposedly able to solve all problems as long
as government gets off it's back. I think it's clear now that letting the
"invisible hand" of the market handle things without the government's
intervention is a failure. The really stupid thing about this realization is
that everyone but the ignorant and the far right wing free market utopians
have known since 1929 that letting the market run the show all by itself is
a recipe for disaster. Unfortunately, it seems we have to keep repeating
this mistake like Bill Murray in Groundhog Day. Every time you let
republican business people in positions of power they run right out and make
this mistake again as if they have no concept of what went on before they
were born. I guess they don't, having taken nothing in college except
business classes.
Hawke
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