| 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: MarcelloMarcello Date: Feb 9, 2008 20:39
"Democracy Highlander" yahoo.com> wrote in message
news:5100900.hnOiS2g9JH@q787895.example.com...> 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:
> =====
> 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.
This is no better than suggesting that someone who champions government
intervention over a free market is just trying to tell you that he is
incapable of making a living on his own abilities in the face of real
competition, and requires the government to look after him.
Both are baseless and a poor attempts at generalizing views.
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