Re:America’s banks are missing hundreds of billions of dollars
by TEP_KimIlSung on Wednesday March 22, 2023 @08:51AM
(#35260220)
Seems to me you're missing the forest for the trees.
"The Market" is the spontaneous order generated by millions of individual transactions seeking equilibrium.
Individual traders can fail, be greedy, or succeed, and the market as a whole still balances out.
Think of it like a biotope pond, which exists and naturally adjusts to all sorts of conditions, and think of the Federal Reserve and Banks lending practices as a corporation dumping 40 metric tons of mislabled organic fair-trade ketchup into that pond.
Too much of even a good thing, still poisons the system.
"The Market" is the spontaneous order generated by millions of individual transactions seeking equilibrium.
Individual traders can fail, be greedy, or succeed, and the market as a whole still balances out.
Think of it like a biotope pond, which exists and naturally adjusts to all sorts of conditions, and think of the Federal Reserve and Banks lending practices as a corporation dumping 40 metric tons of mislabled organic fair-trade ketchup into that pond.
Too much of even a good thing, still poisons the system.