Thursday, October 30, 2008

Leave Well Enough Alone

Here is what I think we should do with regard to the troubles on Wall Street:

absolutely nothing.

The market - and economics in general - is a very fragile and volatile balancing act. It doesn't take much to set off the balance - greed and corruption will tip it in a hurry. But once it gets out of balance I think it is best to let it correct itself, even if it hurts a bit. If we tinker with it by putting more money in banks or whatever the plan is, we might actually cause more damage.

I don't think any one person can totally understand the market and it comes down to a guessing game. We should leave alone things we do not totally understand. But I'm not an economist so that is just my opinion.

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