Circuit breakers – Financial regulators lack any experience
Posted by Ivo Cerckel on May 9th, 2010
The financial regulators have no experience.
The principle of causality says that nothing can be the cause of itself.
The principle of causality is subsequent to the principle of non-contradiction (PNC) which says that is impossible to be and not to be at the same time and in the same respect.
Like the PNC, the principle of causality is known from, or arises from, experience.
How much more experience do we need?
Merkel and Sarkozy have no experience.
Hence, they need to have recourse to deductions and/or inductions to blame speculators,
thereby forgetting that prohibiting oil speculation has the same effect on society as preventing squirrels from storing up nuts for winter – it leads to starvation.
(Walter Block, “Defending the Undefendable”, New York, Fleet Press Corporation, 1976, p. 175)
Now they say they want circuit breakers for Monday in the USA.
Regulators eye curbs to slow stock price drops
Sat May 8, 2010 9:57pm EDT
http://www.reuters.com/article/idUSTRE64803J20100509
Circuit breaker refers to any measure used by stock exchanges during large sell-offs to avert panic selling.
http://www.investopedia.com/terms/c/circuitbreaker.asp
What’s wrong with panic?
What are the long-term effects, to all groups in society, of circuit breakers? Our Masters want to avoid disaster? They will precipitate it.
Price controls don’t work, upwards, nor downwards. And they think circuit breakers will avoid disaster?
By circuit breakers, the sheeple will, at the point of a gun, be prevented from concluding mutually beneficial stock-market transactions.
Circuit breakers can only bring mounting chaos and radical discontent, like in Soviet Russia and Nazi Germany.
The financial regulators lack any experience.
Ivo Cerckel
honestmoney@maktoob.com
http://twitter.com/ivocerckel/
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