Poole also said that Fannie and Freddie should be liquidated and that it was unfortunate that we could reasonably expect the government to rescue them. He's a laissez-faire lunatic who has gotten the entire credit crisis empirically wrong because he's blinded by ideology, as has the rest of the Administration.
I have no idea what point you are even trying to make other than trying to gainsay that which is tru eby any reasonable definition.
On Mon, Sep 15, 2008 at 5:03 AM, Eubulides <paraconsistent at comcast.net>wrote:
> boddi satva wrote:
>
>> Frankly, I find your argument incomprehensible. The FIRST thing Poole says
>> in the article YOU cite is that intervention during crisis is wrong.
>>
>> If Poole is not laisez-faire in your book, your book really doesn't
>> matter.
>>
>>
>>
> ===============
>
> Well you are the master of unreading.
>
> So why hasn't Poole resigned in protest?
>
> Perhaps you might want to check up on the myths of laissez faire.
>
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>
-- peace,
boddi
http://financialroadtosocialism.blogspot.com/