Market without intervention is like vulcanic eruption without evacuation. Yes it would make the ground fertile in the end, but it would take lives. Yes the market would adjust itself, but with victimizing other people's money, potentially pension money.
So governments should be brave... speculations should be banned. If you sell stocks beyond values that's based on the value of the company, you might benefit some people but you would definately in theory cause losses to somebody elses if not yourselves.
And its not hard to figure out the ceiling... what price is it exactly that the stock price would definately be exagerrated.
So governments should be brave... speculations should be banned. If you sell stocks beyond values that's based on the value of the company, you might benefit some people but you would definately in theory cause losses to somebody elses if not yourselves.
And its not hard to figure out the ceiling... what price is it exactly that the stock price would definately be exagerrated.
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