Austrian School

Did the Fed's Move Prevent a Stock Market Panic?

Felix, your views are myopic. With this action, and others like it, the Fed is sewing the seeds a future larger distaster. By denying the market the discipline it needs to reign in rampant speculation we create a future monster that eventually dwarfs the resources available to even the government to stop it.

The question isn't, do you want to have corrections or not, the real question do you prefer lots of little isolated corrections, or one all consuming collapse that threatens the very system which enabled it.