tag:blogger.com,1999:blog-1141932539860553199.post5266058778816976657..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: Free markets or subsidy junkies?Mark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1141932539860553199.post-91671644598575213382015-06-23T14:42:00.691+01:002015-06-23T14:42:00.691+01:00One other point the same bail out happened in Germ...One other point the same bail out happened in Germany prior to the war, American banks supplying the credit to Germany. Not saying there will be a war. It's just that this is how the system everyone votes for works. It's probably time to stop blaming a specific class and start looking in the mirror else one is appearing neurotic.Robin Smithhttps://www.blogger.com/profile/04648517992918303543noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-89840041394460253682015-06-23T14:37:06.790+01:002015-06-23T14:37:06.790+01:00Yes it's all priced in and the inside track ha...Yes it's all priced in and the inside track has already reaped its reward. Whats left over are the pennies gambled in the same way as a fruit machine. If you are on the inside you have a monopoly in free income. If not you are a gambler. The stock market only has a different veil that makes it look like a skill. Funny. Robin Smithhttps://www.blogger.com/profile/04648517992918303543noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-50794456775999613322015-06-23T14:30:10.759+01:002015-06-23T14:30:10.759+01:00One other point, I totally agree that none of this...One other point, I totally agree that none of this is a 'bail out for Greece'. It's a rescue of the banks and governments that have leant money to Greece for which the Greeks are being made to pay. Overall I hold that people must pay their debts. In this case the lenders and the EU encouraged Greece to borrow, almost coercively. Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-52780040833518779592015-06-23T14:12:48.500+01:002015-06-23T14:12:48.500+01:00Hmm. Yes, without any doubt all the funny money m...Hmm. Yes, without any doubt all the funny money made and distributed by government finds its way into 'asset prices'.<br />But relatively big swings in market prices over a short time are driven by the manic depressive nature of stock markets. It's the uncertainty they don't like - and that's not the uncertainty of continuing bail out.<br />In any even I am pretty sure that the Greek (aka Euro) debacle is already 'in the price' of the market.Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-39071645952198271452015-06-23T10:53:10.828+01:002015-06-23T10:53:10.828+01:00And the policy - as expected - is to raise taxes h...And the policy - as expected - is to raise taxes higher than before. It didnt work last time, and the time before, let's try again.<br /><br />But why? Because taxation is protection for the value of property in land. While hard work and enterprise are taxed, property remains untaxed to that extent.<br /><br />But why??? Are they so ignorant. Because they treat everything with logic and reason and science. And the world of people are by no means rational. So until these questions are investigated fully incorporating a psychoanlaysis... nothing will ever change.<br /><br />Looking around, that is never going to happen. So the best thing to do is make the best of it in the hope that one day people will find the courage for it finally.Robin Smithhttps://www.blogger.com/profile/04648517992918303543noreply@blogger.com