tag:blogger.com,1999:blog-53246864840716464.post4608700559344038271..comments2024-02-29T00:46:38.800-08:00Comments on Washingtons Blog: Leading Financial Modeling Expert: Adam Smith Was Wrong About the "Invisible Hand"Unknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-53246864840716464.post-79176001171942079582009-09-15T16:03:54.633-07:002009-09-15T16:03:54.633-07:00Whenever I see attacks on free markets, they often...Whenever I see attacks on free markets, they often seem to make the mistake of ignoring the role of information and adaptation in markets. After all, these are the real strengths that markets hinge on. While 1987 was a mistake, nobody ever said that markets never make mistakes. What Smith said was that over time free markets will benefit the majority of us in the long run. We did learn from 1987. Right now we're just finding new mistakes to learn from.hasatumnoreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-77511075404019909772009-09-13T20:18:06.425-07:002009-09-13T20:18:06.425-07:00I find that talk about financial theories hysteric...I find that talk about financial theories hysterically funny in today's market. When it is common knowledge that Goldman/Sachs type investment houses control, manipulate or rig daily market action by executing 80% of market transactions. The only theory that counts is actually the mood of the trading guru on a particular day.Anonymoushttps://www.blogger.com/profile/13156080225918567393noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-43712551139543157772009-09-13T11:14:59.656-07:002009-09-13T11:14:59.656-07:00September 13, 2009
Obama Assassination Plot Fails...September 13, 2009<br /><br />Obama Assassination Plot Fails As Full Terror Alert Hits North America<br /><br />http://www.whatdoesitmean.com/index1274.htmAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-53914069482589625232009-09-13T10:43:08.484-07:002009-09-13T10:43:08.484-07:00Adam Smith was talking about voluntary markets of ...Adam Smith was talking about voluntary markets of buying and selling, lending and borrowing.<br /><br />Adam Smith was not talking about a monetary system that is based on the legalization of a public-private cartel currency of which the money supply is a rigged game. "Elastic Currency."<br /><br />We as Americans and the many countries of the world rejected Adam Smiths' Invisible Hand for the Heavy Hand many years ago.<br /><br />I guess that is why we find ourselves in this mess. Thank you Rama Cont for you incredible foresight and expertise. Blaming Adam Smith for our current situation is a lot like Alan Greenspan not seeing the bubble comming and Ben Bernanake doing his best cheerleading in front of Congress and 60 Minutes to get us to believe all is okay as they give away the family farm so that we can grow up subjects on the land our forefathers conquered.<br /><br />These three people are either blinded because they are making money hand over fist, or they are waging a war from the inside without firing a shot.Anonymousnoreply@blogger.com