
03-16-2008, 03:46 PM
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Banned
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Join Date: Jun 2003
Location: There castle.
Posts: 44,587
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Quote:
Originally Posted by 732002
Yes and No.
I just started reading: Manias, Panics, and Crashes.
The point that was made in this book is that markets generally
work, but occasionally they break down and require government
intervention for the public good of stability.
The downside is that if the government steps in too often the
market is more likely to take bad risks, and need move Gov help.
Positive feedback.
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Gotta agree with that.
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