Politics
Out of context: Reply #16604
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Yes every failure is do too people ability to not be able to see the future and prevent what can or will happen. I think thats an illusion. A board of people debating laws and runnign through legislature can never be as efficient as a free market dictating with every purchase and decision. As far as not enough regulation i cant relaly argue about it. There was plenty fed could do government could do but didnt. they could force investments banks to not be publicly traded companies, maybe that would help. But that wont stop new issues.
Free markets arent utopian. There is ups and downs but the ups and downs are smaller and will likely not fall on future generations of tax payers. And recovery will be quicker.
What would u suggest that a bureuacrat with no economic training could have done to regulate the system? Why wasnt the fed able to alleviate the situation which it was created to help prevent? Why did it seem to help it? Foresight vs hindsight. I cant help but think a large dynamic system operating on mutual positive incentives is far better a regulator than a few people sitting at a table looking only at their incentives which is to sway voters so they can keep there jobs. Its all about promoting positive incentives and instead of subsidizing losses letting those who fail, really fail.
Is what youre talkign about where greenspan talked about his inability to control peoples natural response to negative incentives. Where he stated something along the lines that what he thought he was doing with low interest rates to benefit people turned out badly? Good intentions normally end up going south, but better to let many people decide on whats right than a few. If subsidizing losses works it will work better along a larger spectrum of small failures than a few huge ones.
- There are no real free markets, the Gov. is owned by corporations and wealthy 1%.utopian
- there is no 100% free markets. But look at countries that practice a high level of them. countries practicing british common law seem to be doign well********
- common law seem to be doing well.********
- WE have tons of government control utpoian. Why did it fail? Because it wasnt enough? What men with what ability to create laws could have altered it********
- alter it were there? will they always be there? will they always be elected?********
- And how will they react when there performance isnt based on results but positive election results********
- everything seems to point to less is more. think of it as far as design. why do people refuse to do so? fear?********
- If u want to take the power from the rich 1% u need to take their political power********