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Is the multiplier below 1 because people are not getting new loans from the banks? And is velocity down because consumption is down and more money is being saved? Stosh

Run for office. Seriously, I think you can spend as much as you want on your own campaign.

Hillary might know how that works.

1. I'm a lot wiser than I was a year ago. (but is it enough?) 2. These tax losses will come in handy in future years. (hopefully) 3. Have crossed off lots of things not to try again. (How many left?) 4. Cost of living is down. (but inflation around the corner?) 5. Not as many...

To rolextrader and GCSICLRBC: Thanks very much for your info. I have been trading ES for a few months (a lot at night) and find it very fascinating, though difficult, to analyze, esp in the off hours. I have some books on stock index futures, but nobody seems to give much insight about the...

The original question in the thread was "what keeps the prices of the ES and the S&P so close to each other?". After several people gave their answer, I then added that outside of regular trading hours there is not an real time S&P Index to use as a benchmark. Of course, as the OP said the ES...

I watched the whole thing. The first part about the Federal Reserve System was good......but later when they started knocking the profit motive, they lost me. Overall, thought provoking but far too idealistic........reminds me of the communists who said central planning is only a temporary...

To TGregg: Very insightful (and cynical) response. I can tell you have given this subject a lot of thought. Unfortunately, as you say, the only solution is to vote with our feet. Thanks. To Buzzy2: Sounds like Liechtenstein might be a good place to put our feet. Thanks.

Thanks for the response, but I doubt that, in a free market, things would be anywhere near as bad as you describe. But you're right that voters don't want to try it so we will probably never know. Stosh

Thanks for the link to that old thread.....interesting but not too promising. By the way, I like your Rearden Metal handle. I read the book 40 years ago and still remember it as if I had just read it yesterday. Stosh

Thanks very much for the informed response.......sounds as if we have similar values (probably a little unusual since you are from UK and I'm in Texas). Actually, Texas has had a lot of advantages but they are going away. At least we can still have our guns. Australia sounds pretty good...

I understand your point, but wouldn't people learn from the periodic pain over time and not go to such extremes of boom and bust eventually ........... LOL of course not. Stosh

That's exactly what I am looking for. By "stable" I meant politically stable. Of course free markets have bubbles and busts, that is what makes them self correcting.....instead of having the authorities "correct" them. Stosh

Thanks. I'll do some research on Hong Kong......any others? Stosh

I have not traveled the world nor studied other countries very much. Just wondering if anyone knows if there are any countries in the world where the majority of the citizens are proud to consistently elect leaders who believe in true free markets, individual responsibility, barebones gov't...

I noticed a CNBC commercial where Suzy Orman says that Time magazine named her one of the 100 most influential people in the world. I don't think I would agree with that selection. In it, she also says she was Jim Belushi's roommate in college. I only heard it once, but I think I heard...

You answered my questions about the neighbor's kid with a question about lawn and poop service companies (which hopefully puts them between you and the problem, but only if they are solvent and responsible). My questions were trying to illustrate the absurdity of our laws and regulations...

Let's say the neighbor's kid wanted to do some work for me around my house: 1. Don't I need to make sure I will be in compliance with child labor laws and minimum wage laws? 2. Don't I need to execute the proper forms for withholding of income tax, social security, worker's compensation...

Similar to my money that has been frozen in a Reserve MM fund for several months. I should thank them, since I haven't been able to use it for investing/trading, I have probably saved 30% or more. Supposed to get it next month (guaranteed under the TARP), so I can turn it into some real...

Alternative answer: A more free market self-correcting scenario would have played out. Creative destruction, survival of the fittest, without instilling a more socialistic culture in which almost everyone wants a bailout from Uncle Sugar. Of course, it would be painful and we might have...