Harry Pollard wrote: > The crash wasn't a contrivance of your Predators - whomsoever they may be. > It was an inevitability, apparently happening every 18 years or so.
Within a boom-bust cycle system, the crash may be "an inevitability" (and even a cyclic one). But the boom-bust cycle system is not inevitable at all -- it is made and perpetuated by those who gain from it in every cycle. Key components of that system are growth bubbles, fiat money and compound interest. > About the only policy that would help is to allow land prices to crash. No. The boom-bust cycle system must be abolished, with its key components. > There are so many government policies ranging from the potty to the > disastrous that one cannot easily grasp their damaging consequences. Depends on one's intelligence... Chris ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SpamWall: Mail to this addy is deleted unread unless it contains the keyword "igve". _______________________________________________ Futurework mailing list [email protected] https://lists.uwaterloo.ca/mailman/listinfo/futurework
