Re: did the Laissez-faire free market create the perfect storm not seen since the great depression? fear of lending, fear of borrowing, the only instances we have experienced both in modern times are the Great Depression and Japan

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Re: did the Laissez-faire free market create the perfect storm not seen since the great depression? fear of lending, fear of borrowing, the only instances we have experienced both in modern times are the Great Depression and Japan

Group: sci.econ · Group Profile
Author: Marcello
Date: Feb 9, 2008 00:30

tcq.net> wrote in message
news:24c9b24d-04ac-4d90-8109-82f3deac873a@h11g2000prf.googlegroups.com...

> did the Laissez-faire free market create the perfect storm not seen
> since the great depression? fear of lending, fear of borrowing, the
> only instances we have experienced both in modern times are the Great
> Depression and Japa
>
> http://suddendebt.blogspot.com/
>
> there was no government intervention here, the groups of sellers,

I don't know how you can say there was no government intervention when the
government permits the Fed to print its money as well as set the prime
banking rates. Very poor monetary policy is the cause of this massive
bubble, and in fact if left alone in a laissez-faire situation (something
not likely to happen) it would correct itself in time. But the government
will continue to bail out those who chose poorly, both individual and
institutional. Blaming this mess on laissez-faire is like blaming your
child for the way he dresses when you buy him all his clothes.

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