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Yamana Gold, Inc. Message Board

  • quailrunrd quailrunrd Oct 4, 2008 4:12 PM Flag

    Bailout plan may actually accelerate market crash

    Government activities have ALWAYS resulted in waste and inefficiencies. That is because there is no profit motive nor any real fiscal responsibility for failure or less than stellar performance. This time it might be a little different because the waste and inefficiencies (sure to cause market disruptions) will be on a grander scale. IMO the unintended consequences of government intervention are always bad. It's just a matter of degree of badness mixed in with the benefits of good intentions.

    Consequently, gold may rise sooner and faster than we can imagine.

 
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