http://thefreedomthinker.com/2009/08/27/government-interference-not-good/ Thoughts on Freedom... Tue, 29 May 2012 13:57:01 +0000 hourly 1 http://wordpress.com/ http://thefreedomthinker.com/2009/08/27/government-interference-not-good/#comment-596 Fri, 28 Aug 2009 12:24:21 +0000 http://thefreedomthinker.com/?p=657#comment-596 Wow – had not read this before. Not surprising. This market has been government subsidized from the beginning. It was implicitly backed by the government through Freddie/Fannie, then explicitly backed when the government bailed those guys out and bailed out Wall Street. And now the government is in the middle of it, buying all this crap up. What a complete mess this is. I agree the Fed is in over their head. They have the power to debase the dollar in the name of growth and they are doing it. The collapse of the US dollar as the world’s reserve currency will be the economic story of the first quarter of this century, in my view. When that day comes, we will have lost our superpower status. Nothing else can take it away, save that, in my mind.

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