Comments on: Why the Fed rate cut isn’t working http://polizeros.com/2007/09/21/why-the-fed-rate-cut-isnt-working/ Musings on politics: anti-war, global warming, peak oil and otherwise Mon, 13 Oct 2008 21:35:13 +0000 http://wordpress.org/?v=abc By: Wes http://polizeros.com/2007/09/21/why-the-fed-rate-cut-isnt-working/#comment-143057 Wes Fri, 21 Sep 2007 22:40:59 +0000 http://polizeros.com/2007/09/21/why-the-fed-rate-cut-isnt-working/#comment-143057 One of the talking heads recently made a comment regarding the credit crisis. Capitalism without allowing failure is like religion without sin. It is the only class in the school of hard knocks where you will always be bailed out. One of the talking heads recently made a comment regarding the credit crisis. Capitalism without allowing failure is like religion without sin. It is the only class in the school of hard knocks where you will always be bailed out.

]]> By: Bob Morris http://polizeros.com/2007/09/21/why-the-fed-rate-cut-isnt-working/#comment-143038 Bob Morris Fri, 21 Sep 2007 16:44:13 +0000 http://polizeros.com/2007/09/21/why-the-fed-rate-cut-isnt-working/#comment-143038 While no fan of hers, I think Ayn Rand might well have let them die. She really did believe in a totally unfettered market. While no fan of hers, I think Ayn Rand might well have let them die. She really did believe in a totally unfettered market.

]]> By: dj http://polizeros.com/2007/09/21/why-the-fed-rate-cut-isnt-working/#comment-143035 dj Fri, 21 Sep 2007 16:05:44 +0000 http://polizeros.com/2007/09/21/why-the-fed-rate-cut-isnt-working/#comment-143035 In the capitalism of Ayn Rand, everything is for sale-- even Fed Chairs. This is quite contrary to the spirit of Adam Smith's capitalism, which sees strong central government as an essential element. While I don't agree with your assessment, it is nevertheless consistent with the philosophy of these so-called capitalists. Under Randian capitalism, when markets don't cooperate, you buy the regulators. In the capitalism of Ayn Rand, everything is for sale– even Fed Chairs. This is quite contrary to the spirit of Adam Smith’s capitalism, which sees strong central government as an essential element.

While I don’t agree with your assessment, it is nevertheless consistent with the philosophy of these so-called capitalists. Under Randian capitalism, when markets don’t cooperate, you buy the regulators.

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