[lbo-talk] Endgame in the banking sector

[Eubulides]

Shane Mage wrote:
> 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.
>
================

If he were consistently laissez-faire he'd argue against open market 
operations by the Fed; whether by rules or discretion it's an utterly 
activist strategy, duh.
<http://www.fmcenter.org/site/pp.aspx?c=8fLGJTOyHpE&b=2278485&printmode=1>  
[See notes on District 8]


>> 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
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Well I don't buy the apriori/empirical distinction your assertion 
presupposes and stand by my claim. I'm not in the habit of  gabbing with 
misogynists so I'll let you have the final word.