Re: Occupy Wall Street?

On Thu, 06 Oct 2011 17:25:31 -0400, Tony wrote:

On 10/5/11 7:29 PM, Alex W. wrote:
On Wed, 05 Oct 2011 09:33:12 -0400, Tony wrote:

On 10/5/11 3:26 AM, Alex W. wrote:
On Tue, 04 Oct 2011 09:43:41 -0400, Tony wrote:

Regulations against force and fraud are legitimate. Regulations that
interfere with contracts between intelligent and informed people are not.

You are narrowing the field very considerably now, considering
that the average citizen is functionally economically illiterate.

Then they will remain that way unless they are allowed to learn from
their mistakes (or not).

Ah, the "let kindergarten kids play with guns" approach to
education....

Wow! You liberals certainly infantalize the general populace.

Calling it as I see them....



Is this also your favoured method for drivers' ed., piloting or
medicine? Because the fallout can be equally disastrous.

No. Not really. That's kind of a stupid thing to say, isn't it?

Just as stupid as using that exact same approach for investment
decisions.



Letting economic innocents play in busy financial traffic is a
clear case of Ted's "hitting or stealing" guideline. You're
setting them up to be hit over the head and robbed blind.

No it isn't. If public schools would teach general finance instead of
putting condoms on cucumbers, we'd have less problems.

If schools -- and IME, private schools seem to be equally
deficient in that regard -- were teaching general finance, I
wouldn't be sitting here writing this stuff.

But as matters stand *right now*, most people are quite simply
incompetent to make such investment decisions. The "if" hasn't
happened.

Oh, and sometimes it's not cucumbers but banananananas.
.

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