The market is not an end in itself

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The market is not an end in itself | opinion

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In 1988 regulators concocted risk weighted bank capital requirements and decreed weights: 0% governments 100% citizens; as if bureaucrats know better what to do with credit than e.g., small businesses and entrepreneurs. You define that as neoliberalism?🤔

Interesting article, so we are seeing an extreme of neoliberalism...

I fear the politicians in charge are not up to the task of doing adult things. Since 2008, the problems with our economy was hidden under the rug by tripling US currency in circulation. The music has stopped, and the fiddler wants his payment.

Bravo sir.. bravo!

Exactly. I saw those two. 'If you elevate the rates 5%, then the stocks will be hit by 20%'. for the love of God, people are having a tough time with inflation. Take the hit, and you recover losses later.

The current system is broken and nobody living is smart or compelling enough to bring about a new system, even one based on previous ideas. We must either keep the status quo, or plunge into anarchy and see what emerges at the bottom.

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China and west should co-operate on emerging market debt\n\t\t\tLet our global subject matter experts broaden your perspective with timely insights and opinions you\n\t\t\tcan’t find anywhere else.\n\t\t Not a snowball's chance in hell. Utterly inconceivable in 2022.
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