Comments on: What to Expect and Exploring Expectation for the Future http://moneyning.com/money-beliefs/what-to-expect-and-exploring-expectation-for-the-future/ A personal finance blog where we share insights on carefully saving money, investing, early retirement, mortgages, stocks because the little things matter in achieving financial freedom! Sat, 21 Nov 2009 08:01:45 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: steveo250k http://moneyning.com/money-beliefs/what-to-expect-and-exploring-expectation-for-the-future/comment-page-1/#comment-12979 steveo250k Tue, 13 Jan 2009 17:49:10 +0000 http://moneyning.com/?p=2053#comment-12979 Thank you for the thoughtful article. I strongly agree with most of it. I would like to comment on two points, however. Your comment, "if there are enough of you that does something wrong, all will be forgiven” is true in hindsight, but maybe not at the time. We tend to think of our bankers as having our best interest at heart. The reality is that the old fashioned idea of a banker is not who is SELLING a mortgage. Yes, we are all ultimately responsible for our own signatures on the dotted line, but I think that if enough, seemingly intelligent people are making the same mistake, it might be useful to consider who is helping (coersing?) them along the way. There are horror stories of people who absolutly could not affort a home. But the majority of people in trouble today can afford a home (maybe not the one they bought), if they had sound financial packages to buy and got sound financial advice. Point 2: sure, lack of spending hurts business, but only if that business has over produced or is in an area, like buggy whips, that no longer has demand. BTW, somewhere, someone is making a profit off buggy whips. There is still a demand, just not what it once was. I do not exist to support business. Business exists to support me. If I don't need that particular brand of support, I don't need that particular business. Therefore my tax dollars should not go to bail out sick, ailing, and unecessary business. They should die of natural causes to make room for the truely thriving economy. The idea that bailouts are good for every one because they keep jobs going, money flowing, etc. is false. An economy will work naturally. The law of supply and demand only works without artificial intervention. It is egotistical for any government to think it know how best to handle what it perceives as problems. All the government is doing managing the house of cards it has built. Sooner or later all houses of cards will fall. Thank you for the thoughtful article. I strongly agree with most of it. I would like to comment on two points, however. Your comment, “if there are enough of you that does something wrong, all will be forgiven” is true in hindsight, but maybe not at the time. We tend to think of our bankers as having our best interest at heart. The reality is that the old fashioned idea of a banker is not who is SELLING a mortgage. Yes, we are all ultimately responsible for our own signatures on the dotted line, but I think that if enough, seemingly intelligent people are making the same mistake, it might be useful to consider who is helping (coersing?) them along the way. There are horror stories of people who absolutly could not affort a home. But the majority of people in trouble today can afford a home (maybe not the one they bought), if they had sound financial packages to buy and got sound financial advice.

Point 2: sure, lack of spending hurts business, but only if that business has over produced or is in an area, like buggy whips, that no longer has demand. BTW, somewhere, someone is making a profit off buggy whips. There is still a demand, just not what it once was. I do not exist to support business. Business exists to support me. If I don’t need that particular brand of support, I don’t need that particular business. Therefore my tax dollars should not go to bail out sick, ailing, and unecessary business. They should die of natural causes to make room for the truely thriving economy. The idea that bailouts are good for every one because they keep jobs going, money flowing, etc. is false. An economy will work naturally. The law of supply and demand only works without artificial intervention. It is egotistical for any government to think it know how best to handle what it perceives as problems. All the government is doing managing the house of cards it has built. Sooner or later all houses of cards will fall.

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