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Post by aztec70 on Oct 7, 2012 17:24:08 GMT -8
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Post by aztecwin on Oct 7, 2012 20:00:47 GMT -8
How would this guy know what Romney believes? He can guess, but that is about it. Now read the entire thing and see if after the first few lines that are SWAGS (scientific wild ass-ed guesses), he will put you to sleep with drivel. Mostly true, but drivel. Of course, the markets are not always right. If you believe that markets are reacting to what you think they are, you are a fool. It is just more complicated people can realize.
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Post by AztecWilliam on Oct 8, 2012 9:40:12 GMT -8
And the answer to the fact that the market is not always right is what? Oh, sure, that's easy. The answer is more government agencies tasked with making the economy "fair." Are you serious?
The problem is that one political party believes that politicians and bureaucrats are better equipped to run companies and industries than are private investors and entrepreneurs. The latter two types can and do make mistakes, but they are punished by market mechanisms. The former types do not worry about market mechanisms; instead, they use political criteria to determine how businesses should be run. If their decisions are lousy, so what? They meant well, didn't they? You can't win 'em all, and anyway, the taxpayer can always pay a bit more.
AzWm
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