[lbo-talk] Endgame in the banking sector

Shane Mage shmage at pipeline.com
Sun Sep 14 18:23:37 PDT 2008


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



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