OzOne wrote in message ...
On Tue, 11 Nov 2008 19:55:40 -0700, "Charles Momsen"


Pity he needs to FIX the economy......would be far better if he only
needed to improve it .....


It's even a greater pity that people believe the economy has to be fixed.

Economies are self repairing.



Economies will self repair but it takes decades with an horrendous
cost to society

Give 2 examples.

http://www.oregoncatalyst.com/index....epression.html

The Great Depression created a widespread misconception that market
economies are inherently unstable and must be managed by the government to
avoid large macreconomic fluctuations, that is, business cycles. This view
persists to this day despite the more than 40 years since Milton Friedman
and Anna Jacobson Schwartz showed convincingly that the Federal Reserve's
monetary policies were largely to blame for the severity of the Great
Depression. In 2002 Ben Bernanke (then a Federal Reserve governor, today the
chairman of the Board of Governors) made this startling admission in a
speech given in honor of Friedman's 90th birthday: "I would like to say to
Milton and Anna: Regarding the Great Depression, you're right. We did it. We're
very sorry."

Now I made is "easier", give just one example.


Todays economies cannot just sit back and wait, too mnay people would
be destitute if that were the course.

So where does the money come from? Printing presses?


Even you with your superannuation would soon be totally lost.


That government forced savings plan really works doesn't it? Everyone's eggs
in the same type of basket, central planning at its best!