I just had to pass this on... This Modern World is great.
1 comment:
Anonymous
said...
Well, Tom Tomorrow has the wrong idea on this won. The whole mess was started by the FED pumping money into the economy, lowering the interest rate, inducing people to take loans. Well, you can't hold it down for long. Free market economics knew this was going to happen, but as always, the FED is the last to know. Then, they "Fix" their problems. Well, in another few years will we see another problem, compliments of the FED and gov't. It isn't the "invisible hand" of the free market, it is the "invisible hand" of gov't intervention. And, like always, it ain't gonna get it right. Sorry.
1 comment:
Well, Tom Tomorrow has the wrong idea on this won. The whole mess was started by the FED pumping money into the economy, lowering the interest rate, inducing people to take loans. Well, you can't hold it down for long. Free market economics knew this was going to happen, but as always, the FED is the last to know. Then, they "Fix" their problems. Well, in another few years will we see another problem, compliments of the FED and gov't. It isn't the "invisible hand" of the free market, it is the "invisible hand" of gov't intervention. And, like always, it ain't gonna get it right. Sorry.
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