"Cry Havoc"

If you have somehow been isolated from all media for the past few days, you may know not know that the game is afoot, in economic terms. And since you do not know, then you are probably in a great state of contentment and happiness, as opposed to all those who listen to the news who are in a state of panic. Panic breeds panic, it seems. As more people hear of the financial worries of AIG, Lehman Bros., and such, they begin to build a panic and withdraw their trust from these companies. This causes the companies to enter an even bigger downward spiral and increases their problems. In steps in the Almighty Fed (Federal Reserve Agency). With an outstretched hand and a mighty arm it magically infuses cash into whichever corporation is big enough. The smaller ones, well, they apparently don't matter in the long run.

Why am I talking about this? Because the political candidates are. Obama declares that more regulation is needed; McCain cautiously echoes this, backing off his deregulation platform. What does Common Sense declare? Who cares? Descartes says that more stupidity comes from people proclaiming Common Sense than anywhere else. What then does education say? The answer is simple: let the "giants" fall. Let's have a new slate. All that the Fed has done is confuse investors. The message that is sent is: do all the risky investing that you want. As long as the company is big enough, the Fed will bail you out. Playing the stock market has now become gambling on the Fed. It would then be better to start over anew.

Someone told me that the essence of blogging is controversey. Well, is advocating the withdrawal of support for the pillars of the stock market controversey? I hope so. If not, I will have to find something more controversial. Perhaps something concerning the presidential candidates...