TBill

Wall Street Breakfast: Must-Know News

Greenspan's 'not on my watch' policy of throwing money at every problem sucessfully put off the downside of the business cycle. The problem with that, as any not terribly bright economist can tell you, is the business cycle is necessary and inevitable. Continually delaying downturns just makes them bigger when they occur. Now problems FRE & FMN give the DC power freaks an excuse to take over something really big. Hmm, when was the last time the government ran anything efficiently? I'll make a prediction that they will keep the doors open, doing business that ought to be done privately, but make such a mess of it that they can't be privatized, therefore the government will have to run them indefinately with taxpayer subsidies.... for our own good, of course.