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ParticipantI hope we don’t end up with Zimbabwe inflation. I understand dollar value to be measured against a basket of currencies, but the dollar isn’t the only currency declining, and countries have been offloading their US dollar reserves for some time, and as far as I aware the printing presses have been whirring for some time, so nothing new there. The dollar may not remain the dominant currency, but much smaller currencies have survived economic turmoil. China is driven by an export market, and depends on US for imports, so I wouldn’t think is going to bite the hand that feeds it, at least just yet. The danger is if countries with large US$ reserves, decide to dump the dollar for belligerent, or global political leverage.
ParticipantI hope we don’t end up with Zimbabwe inflation. I understand dollar value to be measured against a basket of currencies, but the dollar isn’t the only currency declining, and countries have been offloading their US dollar reserves for some time, and as far as I aware the printing presses have been whirring for some time, so nothing new there. The dollar may not remain the dominant currency, but much smaller currencies have survived economic turmoil. China is driven by an export market, and depends on US for imports, so I wouldn’t think is going to bite the hand that feeds it, at least just yet. The danger is if countries with large US$ reserves, decide to dump the dollar for belligerent, or global political leverage.
ParticipantI hope we don’t end up with Zimbabwe inflation. I understand dollar value to be measured against a basket of currencies, but the dollar isn’t the only currency declining, and countries have been offloading their US dollar reserves for some time, and as far as I aware the printing presses have been whirring for some time, so nothing new there. The dollar may not remain the dominant currency, but much smaller currencies have survived economic turmoil. China is driven by an export market, and depends on US for imports, so I wouldn’t think is going to bite the hand that feeds it, at least just yet. The danger is if countries with large US$ reserves, decide to dump the dollar for belligerent, or global political leverage.
ParticipantI hope we don’t end up with Zimbabwe inflation. I understand dollar value to be measured against a basket of currencies, but the dollar isn’t the only currency declining, and countries have been offloading their US dollar reserves for some time, and as far as I aware the printing presses have been whirring for some time, so nothing new there. The dollar may not remain the dominant currency, but much smaller currencies have survived economic turmoil. China is driven by an export market, and depends on US for imports, so I wouldn’t think is going to bite the hand that feeds it, at least just yet. The danger is if countries with large US$ reserves, decide to dump the dollar for belligerent, or global political leverage.
ParticipantFunny. I think of it just the opposite. Don’t do a $1.2 trillion bailout until you are certain of what the consequences will be. They will surely be bad.
Perhaps, except there’s pretty much a consensus amongst “those who know” that to do nothing is the worse of the two options.
Congressional Meddling In The Free Market.
Well then you are agreeing with me aren’t you?
ParticipantFunny. I think of it just the opposite. Don’t do a $1.2 trillion bailout until you are certain of what the consequences will be. They will surely be bad.
Perhaps, except there’s pretty much a consensus amongst “those who know” that to do nothing is the worse of the two options.
Congressional Meddling In The Free Market.
Well then you are agreeing with me aren’t you?
ParticipantFunny. I think of it just the opposite. Don’t do a $1.2 trillion bailout until you are certain of what the consequences will be. They will surely be bad.
Perhaps, except there’s pretty much a consensus amongst “those who know” that to do nothing is the worse of the two options.
Congressional Meddling In The Free Market.
Well then you are agreeing with me aren’t you?
ParticipantFunny. I think of it just the opposite. Don’t do a $1.2 trillion bailout until you are certain of what the consequences will be. They will surely be bad.
Perhaps, except there’s pretty much a consensus amongst “those who know” that to do nothing is the worse of the two options.
Congressional Meddling In The Free Market.
Well then you are agreeing with me aren’t you?
ParticipantFunny. I think of it just the opposite. Don’t do a $1.2 trillion bailout until you are certain of what the consequences will be. They will surely be bad.
Perhaps, except there’s pretty much a consensus amongst “those who know” that to do nothing is the worse of the two options.
Congressional Meddling In The Free Market.
Well then you are agreeing with me aren’t you?
ParticipantYou can’t be against bail-outs until you are certain of what the consequence of not doing so are going to be …or can provide a better solution. If those consequences are more severe for the general good of the country and it’s population, then it needs to be done. The question then remains, who should pay for it and how to prevent it happening again? That’s where you as a voter (hopefully) have the power to change things. To deny this process may be construed by many as an attempt to seek personal gain out of misfortune, arguably a force that contributed to this crisis in the first place. So far from assisting the healing process, you may be just stoking the fire. The notion that market forces should be allowed to do its work, is fine in situations where they created the problem. But we all know this was not just the market operating as we would all like to see it, but many factors including the tinkering by the very same powers, that are now attempting to clear up the mess. I’m not sure this cycle can ever be broken, but without intervention I would very much doubt it has much chance of success.
ParticipantYou can’t be against bail-outs until you are certain of what the consequence of not doing so are going to be …or can provide a better solution. If those consequences are more severe for the general good of the country and it’s population, then it needs to be done. The question then remains, who should pay for it and how to prevent it happening again? That’s where you as a voter (hopefully) have the power to change things. To deny this process may be construed by many as an attempt to seek personal gain out of misfortune, arguably a force that contributed to this crisis in the first place. So far from assisting the healing process, you may be just stoking the fire. The notion that market forces should be allowed to do its work, is fine in situations where they created the problem. But we all know this was not just the market operating as we would all like to see it, but many factors including the tinkering by the very same powers, that are now attempting to clear up the mess. I’m not sure this cycle can ever be broken, but without intervention I would very much doubt it has much chance of success.
ParticipantYou can’t be against bail-outs until you are certain of what the consequence of not doing so are going to be …or can provide a better solution. If those consequences are more severe for the general good of the country and it’s population, then it needs to be done. The question then remains, who should pay for it and how to prevent it happening again? That’s where you as a voter (hopefully) have the power to change things. To deny this process may be construed by many as an attempt to seek personal gain out of misfortune, arguably a force that contributed to this crisis in the first place. So far from assisting the healing process, you may be just stoking the fire. The notion that market forces should be allowed to do its work, is fine in situations where they created the problem. But we all know this was not just the market operating as we would all like to see it, but many factors including the tinkering by the very same powers, that are now attempting to clear up the mess. I’m not sure this cycle can ever be broken, but without intervention I would very much doubt it has much chance of success.
ParticipantYou can’t be against bail-outs until you are certain of what the consequence of not doing so are going to be …or can provide a better solution. If those consequences are more severe for the general good of the country and it’s population, then it needs to be done. The question then remains, who should pay for it and how to prevent it happening again? That’s where you as a voter (hopefully) have the power to change things. To deny this process may be construed by many as an attempt to seek personal gain out of misfortune, arguably a force that contributed to this crisis in the first place. So far from assisting the healing process, you may be just stoking the fire. The notion that market forces should be allowed to do its work, is fine in situations where they created the problem. But we all know this was not just the market operating as we would all like to see it, but many factors including the tinkering by the very same powers, that are now attempting to clear up the mess. I’m not sure this cycle can ever be broken, but without intervention I would very much doubt it has much chance of success.
ParticipantYou can’t be against bail-outs until you are certain of what the consequence of not doing so are going to be …or can provide a better solution. If those consequences are more severe for the general good of the country and it’s population, then it needs to be done. The question then remains, who should pay for it and how to prevent it happening again? That’s where you as a voter (hopefully) have the power to change things. To deny this process may be construed by many as an attempt to seek personal gain out of misfortune, arguably a force that contributed to this crisis in the first place. So far from assisting the healing process, you may be just stoking the fire. The notion that market forces should be allowed to do its work, is fine in situations where they created the problem. But we all know this was not just the market operating as we would all like to see it, but many factors including the tinkering by the very same powers, that are now attempting to clear up the mess. I’m not sure this cycle can ever be broken, but without intervention I would very much doubt it has much chance of success.
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