[ExI] Greed + Incompetence + A Belief in Market Efficiency =Disaster

spike spike66 at att.net
Fri Jan 30 04:19:32 UTC 2009


 
 
> [mailto:extropy-chat-bounces at lists.extropy.org] On Behalf Of BillK
> 
> The believers in efficient 'free markets' as the answer to 
> everything seem to be having a hard time of it these days.> BillK

On the contrary BillK.  The problem was caused by insufficient market
freedom.  Government interference in the free market caused a crisis.  Now
the government is proposing the solution is still more government
interference.  It will fail of course.  My prediction is that the latest
stimulus package will not stimulate, but rather leave the US under a
crushing debt.

spike










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