On Sep 14, 2008, at 8:06 PM, Eubulides wrote:
> boddi satva wrote:
>> William Poole, for one.
>>
> =================
>
> Hardly.
>
> http://research.stlouisfed.org/publications/review/99/03/9903wp.pdf
>
But the article is entirely concerned with the case for or against
"rule-based" open-market operations by the fed. Not a word can be
used to justify the intervention in markets adopted by the Bushits in
response to the current crisis.
> Laissez-faire is utterly incoherent, duh.
No, laissez-faire is completely coherent, just like any other utopian ideology. It's just utterly inconsistent with the realities of imperialism and state/monopoly capitalism.
Shane Ma.ge
"Thunderbolt steers all things...it consents and does not consent to be called Zeus."
Herakleitos of Ephesos