Comments on: The Frame of Mind of American Economic Policymakers, Part I http://dailyreckoning.com/the-frame-of-mind-of-american-economic-policymakers-part-i/ Covering the economy, global markets and world politics. Sat, 21 Nov 2009 21:19:11 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: DaShui http://dailyreckoning.com/the-frame-of-mind-of-american-economic-policymakers-part-i/#comment-11273 DaShui Sat, 13 Jun 2009 15:47:11 +0000 http://dailyreckoning.com/?p=16331#comment-11273 self interest leads to a lack of trust which destroys the system. I would do business with only a handshake with someone trustworthy. All the contracts and lawyers in the world can't keep a man from cheating you if he wants to. self interest leads to a lack of trust which destroys the system. I would do business with only a handshake with someone trustworthy. All the contracts and lawyers in the world can’t keep a man from cheating you if he wants to.

]]> By: Glen http://dailyreckoning.com/the-frame-of-mind-of-american-economic-policymakers-part-i/#comment-11072 Glen Thu, 11 Jun 2009 18:30:50 +0000 http://dailyreckoning.com/?p=16331#comment-11072 Sorry Larry, fundamentally disagree with this: "in unfettered capitalism the very wealthy and powerful control the government anyway". Wrong, it is precisely the wealthy and powerful who fetter capitalism. Too big to fail, my eye, in unfettered capitalism the banks would have been allowed to fail and GM would have stopped trading years ago. Sorry Larry, fundamentally disagree with this: “in unfettered capitalism the very wealthy and powerful control the government anyway”. Wrong, it is precisely the wealthy and powerful who fetter capitalism. Too big to fail, my eye, in unfettered capitalism the banks would have been allowed to fail and GM would have stopped trading years ago.

]]> By: larry http://dailyreckoning.com/the-frame-of-mind-of-american-economic-policymakers-part-i/#comment-11052 larry Thu, 11 Jun 2009 15:06:43 +0000 http://dailyreckoning.com/?p=16331#comment-11052 The whole problem with this screed against socialism is that in unfettered capitalism the very wealthy and powerful control the government anyway. All the rules become bent in favor of the very wealthy and capitalism is no longer a free market. There is only the illusion of a free market but the deck is stacked. The whole problem with this screed against socialism is that in unfettered capitalism the very wealthy and powerful control the government anyway.

All the rules become bent in favor of the very wealthy and capitalism is no longer a free market. There is only the illusion of a free market but the deck is stacked.

]]> By: mr bacan http://dailyreckoning.com/the-frame-of-mind-of-american-economic-policymakers-part-i/#comment-11050 mr bacan Thu, 11 Jun 2009 14:49:39 +0000 http://dailyreckoning.com/?p=16331#comment-11050 Marc, Great work. Regarding, "I really think that the U.S. and other Western governments are doing their very best to impoverish their countries" This in fact was probably the goal of the last administration. By bankrupting the country, you further divide the gap between the rich and the poor. You try and create a Brazil. And now that the bankers are still running the USA, the policy continues. Marc,

Great work. Regarding, “I really think that the U.S. and other Western governments are doing their very best to impoverish their countries”

This in fact was probably the goal of the last administration. By bankrupting the country, you further divide the gap between the rich and the poor. You try and create a Brazil. And now that the bankers are still running the USA, the policy continues.

]]> By: JMR bayou bobby http://dailyreckoning.com/the-frame-of-mind-of-american-economic-policymakers-part-i/#comment-11020 JMR bayou bobby Thu, 11 Jun 2009 07:09:48 +0000 http://dailyreckoning.com/?p=16331#comment-11020 And they're charging for attendance at Harvard? And they’re charging for attendance at Harvard?

]]> By: tony bonn http://dailyreckoning.com/the-frame-of-mind-of-american-economic-policymakers-part-i/#comment-11008 tony bonn Thu, 11 Jun 2009 04:05:45 +0000 http://dailyreckoning.com/?p=16331#comment-11008 there is so much here it is hard to know which soap box to jump on..... all I can say is that none dare call it fascism….don’t want to be an extremist donchya know… it can’t happen in America…..it is the same mind control which stifled opposition to hitler. The frame of mind of the American policy maker is in the vise of Orwellian tyranny and servitude to masters other than the American people. yet half of them fully endorse what is happening. The problem with negative interest rates isn’t the imbecility of the idea. The problem is that people will do whatever they can to avoid adult discipline. That low interest rates destroy capital is an inconvenient truth. Truth is to be avoided at all costs because there might be a god behind the truth. there is so much here it is hard to know which soap box to jump on…..

all I can say is that none dare call it fascism….don’t want to be an extremist donchya know… it can’t happen in America…..it is the same mind control which stifled opposition to hitler.

The frame of mind of the American policy maker is in the vise of Orwellian tyranny and servitude to masters other than the American people. yet half of them fully endorse what is happening.

The problem with negative interest rates isn’t the imbecility of the idea. The problem is that people will do whatever they can to avoid adult discipline. That low interest rates destroy capital is an inconvenient truth.

Truth is to be avoided at all costs because there might be a god behind the truth.

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