Rally grips Wall Street
#2 Nov 16, 2009
CAPITALISM IS THE SPRINKLER; GOVERNMENT THE VALVE
The government isn't greater than free market capitalism. Our politicians have more control over capitalism than is healthy. They believe repeated government intervention is helpful when it's actually a hindrance. Think of it like a sprinkler and a garden:
Capitalism is the high-powered sprinkler which feeds the garden. Government is merely the valve which keeps it pointed in the right direction. It's a necessary device, but it's not the mechanism spraying out the nutrients which keep the garden green.
When you overuse the valve, and interfere with the natural cycle of the sprinkler, all patches of the garden don't get fed. Overregulation prevents the sprinkler from completing its rotation, just like excessive government stimulus doesn't boost an economy. It merely stops free markets from naturally correcting themselves. Excessive use of the reset button on the valve won't keep the whole garden green, it just artificially grows one patch.
Since: Apr 08
#3 Nov 16, 2009
The Anatomy of Casino Capitalism
We used to have ceiling on deposits after the depression. It protected the volitility in housing and private sectors.
Along comes the Euro markets , who could change the interest any way they wished.
not to miss this series of interviews.
Since: Apr 08
#4 Nov 16, 2009
What we can do about the global cleptocrasy.
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