Wounded unto death, great beasts throw themselves about in a last temper tantrum of violence and revenge.

Could it be that these are the last days of the government's control of our markets in stocks, banking, housing, insurance, and money?

Faster and faster as the end draws near the Congress passes new law and new regulation.  The blaming of free markets becomes more and more bitter and arrogant.  Each day a new lie is born out of fear that the regulators are losing control of the natural ecology of human trade.

The derivative securities are the desparate attempts of the market to fix the damage done by Congress.  Yes, subprimers are doomed to fail.  But the regulations and subsidies of the Democrats (and, sadly, too many Republicans) left free people no other choices.  Like yeast growing in bread dough, if you confine it, the living thing will explode its container.

It is an arrogant conceit to suppose something as artifical as law and regulation can control a natural, spontaneous system like the human market.  Maybe a market can be controlled if it can be centralized in institutions like the New York Stock Exchange or the Federal Reserve or Wall Street.  Maybe freedom can be restricted, for a time, when the major media and all branches of government and the universities conspire against it.  But today there are stock markets in every nation and I can purchase stocks and bonds on my computer directly from the company that issues them.  Markets, like any non constructed and natural system, cannot be designed or artifically controlled everywhere or for long.  These natural systems will grow their way around obstructions like socialism or destroy the societies and nations that attempt to block them.

Is that what we are witnessing now?  Are these the final straws that break the back of the oppressive control ordered by Congress?   What will come next?  New markets beyond their reach?  New currencies they cannot control the price of?  New freedom to create, to build, to trade?

If this current round of oppressive law passes, mark my words, the next panic will happen in less than a year.  After that "fix," the next crisis will follow in six months.  They (I mean Congress) will not stop until they have ruined us all.

Any nation so arrogant that they believe they can control and modify human nature or the natural and spontaneous order of markets and prices is doomed to destruction.  So went Shumer, so went Accadia, so went Egypt, so went Babylon, so went Assyria, so went Persia, so went Greece, so went Rome, so went China, so went Europe, so went Britain, so went the Soviet Union, and so will we also go unless we stop the Democrats and their chicken hearted allies in the Republican Party.

The Faith Heretic
Charles Johnsen
chj3@westernabzu.us