Thursday, November 13, 2008

a few thoughts on the economy

Once in a while, I run across some interesting, and what I consider good, articles that talk about the economy. Here are some scraps for you all.
Obamanomics
While I agree that Alan Greenspan helped the growth of the internet, he certainly did not destroy the economy. The topic is discussed here.
I think that checks and balances are generally good. With the introduction of a balance called Fannie Mae, the economy was held from the extreme variance of a purely open free-enterprise form of business. The downside is that the economy has paid for that security. Again, things must be balanced. If people are allowed to trade freely with no checks, everyone must pay attention to what is happening. A mistake here would collapse the whole market. The billion dollar question is how much should the markets pay for that luxury?
Things will be tough to sort out for our world leaders. But there is hope for sure!

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