Vitaliy wrote:
> First, let me just say that there is nothing wrong or shameful about wanting 
> to "make a buck", in fact that's the secret behind the success of 
> capitalism: individual acting out of self-interest creates benefit for the 
> society.
>
> Whenever an industry is deregulated, you always see a drastic increase in 
> efficiency. Usually when people talk about the woes of deregulation 
> nowadays, they mean the housing market crash. I'd be happy to address this 
> issue separately if anyone is interested. For now, suffice it to say that I 
> believe that deregulation has nothing to do with the crash, although other 
> government actions are. In the best interest of everybody, things should 
> have been left alone, but it is too late now (the bill was just passed, and 
> the President said he'll sign it).
>
>   

I wouldn't go so far as to say "whenever" - whenever there's a lot of
money to be made, the accounting gets creative. It's not longer
capitalism it's "who can stuff the most into their sacks" (Enron, Fannie
Mae, most any credit company)


> A control theory instructor at the MASTERS mentioned that, by the way, the 
> stock market (or any market for that matter) is an inherently unstable 
> system. It is normal for it to have "ups" and "downs" at regular intervals. 
> Adding constant input (on/off) to such system is disastrous, but that is 
> exactly what the government is doing.
>
>   

It may be, but that sounds like a horoscope reading or a generic prophecy.


> Everyone would be much better off if the government just left things alone.
>
> Vitaliy 
>
>   

Where would the US be now if the government didn't break up Standard
Oil, US Steel, AT&T? "Don't take it personally," but I think people need
to realize that the government should never always leave things alone,
or always be the iron fist. Too often people get wildly polarized
because they lost a buck of their taxes to something they don't want to
pay for.
 This is politics though so we should keep this thread on a short leash.

-
Martin
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