| 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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Group: sci.econ · Group Profile
Author: Democracy HighlanderDemocracy Highlander Date: Feb 9, 2008 05:16
Marcello wrote:
> 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.
MOTTO:
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Whenever somebody complain about government regulations and prise
"laissez-faire free-markets", he is just trying to tell you that he is an
unskilled idle making a living by piggybacking skilled professionals.
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The world of the future will be fully democratic or will not be at all.
Democracy Highlander
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