On Sat, Nov 15, 2008 at 11:46 AM, Rceeberger <[EMAIL PROTECTED]> wrote: > > On 11/15/2008 11:55:20 AM, John Williams ([EMAIL PROTECTED]) wrote: > >> Did you make any posts predicting the housing crisis before, say, >> 2004? > > I don't recall having posted about this onlist, but it has been on my mind > for a few years as being a serious problem w/consequences.
I hazard a guess that the reason you did not post is one of these: 1) You were not certain enough of your prediction to risk that other people might act on it 2) You did not care enough to help others with your insight Or perhaps none of the above. But whatever the reason, it is a good example of the difficulty of regulating markets. If the government were good at predicting these things, then I think what should be done is to convey the predictions and warnings to the public, and let people act on them as they see fit. This has the great advantage (compared to regulation) that people are not forcing their will on others, encroaching on liberty and freedom. But this approach is rarely used. I claim it is because the government is no better, and probably worse, at predicting these things than the markets. _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
