| 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 20:41
> On Feb 9, 7:16 am, Democracy Highlander yahoo.com>
> wrote:>> 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.
>>
>> --
>> The world of the future will be fully democratic or will not be at all.
>>
>> Democracy Highlander
>
> correct, and i have never met a conservative/libertarian yet, that is
> not outraged at the results of their own policies, then they blame
> government.
> if we let a different group print money, or if we let everybody print
> money, they would be responsible. yea right, snicker.
Right, snicker away while government proves how incapable it is of
controlling its own currency and drives the dollar into the ground due to
obscenely inflationary practices.. For shame.
What is it that has some so convinced that government is somehow less likely
of being corrupt than the rest of society?
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