Heck, take it back to Reagan’s deregulation. It’s no accident we started to return to the 1920s style boom-and-bust during his administration. (Note his favorite president was Calvin Coolidge!)
stop pretending Wall St. is the “real” economy. We have to distinguish between two things — the economy and the stock market. The economy is the sum of all goods and services that are produced in the country every day, All the computers and cars and steel and shipment of goods overseas.
The stock market isn’t an economy. It’s a moment-by-moment guess by others about what this company or that company is worth according to all the insider information they can gather. It’s open to manipulation and fraudulent trading that is completely divorced from reality or what is occurring in the real economy.
Time to stop treating Wall St. as the be all to end all or it will be the end all, and all the enders will have flown the coupe for some little island they bought with our proceeds.
Even if stuff regulates itself, doesn’t mean it regulates itself in a way favorable to us.
Evolution regulates itself. It allows everyone to have descendants, more or less healthy and viable, in times of plenty until there’s a famine or an epidemic to get rid of the weakest ones.
Is a crisis to ecomony what an epidemic is to evolution?
cjr53 over 14 years ago
How about the ones the prior Republicans W & Crew tossed out in the name of huge profits for the extremely wealthy?
Motivemagus over 14 years ago
Heck, take it back to Reagan’s deregulation. It’s no accident we started to return to the 1920s style boom-and-bust during his administration. (Note his favorite president was Calvin Coolidge!)
believecommonsense over 14 years ago
stop pretending Wall St. is the “real” economy. We have to distinguish between two things — the economy and the stock market. The economy is the sum of all goods and services that are produced in the country every day, All the computers and cars and steel and shipment of goods overseas.
The stock market isn’t an economy. It’s a moment-by-moment guess by others about what this company or that company is worth according to all the insider information they can gather. It’s open to manipulation and fraudulent trading that is completely divorced from reality or what is occurring in the real economy.
Time to stop treating Wall St. as the be all to end all or it will be the end all, and all the enders will have flown the coupe for some little island they bought with our proceeds.
deadheadzan over 14 years ago
Wall Street is a bleeep shoot for millionaires.
CorosiveFrog Premium Member over 14 years ago
Even if stuff regulates itself, doesn’t mean it regulates itself in a way favorable to us.
Evolution regulates itself. It allows everyone to have descendants, more or less healthy and viable, in times of plenty until there’s a famine or an epidemic to get rid of the weakest ones.
Is a crisis to ecomony what an epidemic is to evolution?
deadheadzan over 14 years ago
I can’t believe the bleep! I should have said Wall Street is a roll of the dice for millionaires
kat827618 over 14 years ago
I’m with believecommonsense.