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How to Ruin the Stock Market



October 04, 2010 – Comments (5)

"REALITY EXISTS.  And when permitted to function, free markets accurately reflect that reality. From Karachi to New York, government schemes such as artificial price limits or bans on selling short can temporarily delay reality, but they cannot avoid it forever.

By intervening in markets, bureaucrats succeed only in manufacturing the panic and unnecessarily volatility they had hoped to prevent."

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5 Comments – Post Your Own

#1) On October 04, 2010 at 4:12 PM, whereaminow (< 20) wrote:

If there is any country that you want to copy, I would say Pakistan is a great choice.  I lived there for 18 months in the late 90's.  What a great place.  Literacy rate was around 15%. Running water and electricity was around 35%. They cheered when Musharraf took power from the democratically elected thief Nawaz Sharif.  The banking sector is State controlled.

The problem with Pakistan has always been free markets. They just have too much freedom.  They're 117th on the Index of Economic Freedom.  That's just too free. If they were around 135, that would be better.

Case closed. I'm so glad that America's Ruling Class has the wisdom to see an economic model that works and emulate it.

David in Qatar 


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#2) On October 04, 2010 at 4:59 PM, tfirst (58.24) wrote:

If you want to ruin the market, allow margin stock buying, then when the bubble inflates, call all the notes in at the same time. Like they did in 1929.....

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#3) On October 04, 2010 at 5:16 PM, rfaramir (28.71) wrote:

Great article, with occasionally great attitude, too: "In case you’re not keeping up, that’s French for price controls."

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#4) On October 04, 2010 at 9:31 PM, ChrisGraley (28.68) wrote:

I am free! They told me that while beating me over the head.

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#5) On October 04, 2010 at 10:13 PM, topsecret10 (< 20) wrote:

Eliminate the FED,go back to the gold standard. You would see the rockets red glare....   As long as there Is a Federal Reserve In It's current form,the BOOM - BUST cycle will continue forever. The market IS going to tank again because the market Is being manipulated by big Instiutions and computer trading programs like the one that caused the "flash trade" In the DOW. It still has not been expained to anyones satisfaction. Our economy Is still VERY SICK,and the fundamentals do not support current market levels.   TS 

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