Subject:
|
Re: Libitarian guff (Was: Re: Art Debate Was: [Re: Swearing?])
|
Newsgroups:
|
lugnet.off-topic.debate
|
Date:
|
Tue, 11 Jan 2000 17:32:11 GMT
|
Viewed:
|
2414 times
|
| |
|
|
Jasper Janssen wrote:
> On Tue, 11 Jan 2000 07:04:09 GMT, Mr L F Braun
> <braunli1@pilot.msu.edu> wrote:
>
> > from outside the private sector (S&L scandals, anyone?). The major problem was
> > caused by uncontrolled speculation that *private bank policies* ultimately
> > allowed. When they only asked that an investor put down 5% to 10% of the funds
> > and the bank provided the rest for a hefty fee/interest rate, who was going to
> > turn them down in an era of seemingly endless, market-driven prosperity?
>
> Are you _sure_ you're talking about the 1929 crash, and not the 2002
> crash?
Could be either, but there are SEC restrictions on speculation now that would
prevent the free-fall of 1929. 1997/8 in Indonesia/East Asia could have done the
same thing as 1929, except that the response was very different--in part because we
realised that our retractive response in 1929 actually made the problems *worse*.
The proper response this decade was that followed by the IMF (a subject for yet
another .debate, no doubt.).
best,
LFB
|
|
Message is in Reply To:
473 Messages in This Thread:
(Inline display suppressed due to large size. Click Dots below to view.)
- Entire Thread on One Page:
- Nested:
All | Brief | Compact | Dots
Linear:
All | Brief | Compact
|
|
|
|
