Monday, February 09, 2009

Thought of the Day #40

As twisted as this sounds, I believe the economy has to completely
collapse in order to properly shake out the problems. Having the
government throw money at a sick situation will only make it sicker in
the long run.

Ideally, I believe that we need to move away from a market economy, too.
(It's the commie in me!) Stocks shouldn't be used as a gambling vehicle
where it can make people rich on speculation success, but rather should
be looked at as long-term company "ownership" with only the potential of
modest profits. Maybe stocks could only be sold after holding for a
minimum of 6 months or a year?
.... Eh, I could be soooo wrong.