Politics
Politics
Out of context: Reply #16605
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- ukit20
I was talking about the comment where Greenspan said he fundamentally misjudged human nature. Assuming that financial people would care about the long term stability of their companies when in reality they went for the quick profit. Or made short-term decisions that were irrational even destructive because they bought into bubble based thinking.
Isn't that kind of the opposite of the idea of the invisible hand self-regulating everything? How does a completely deregulated market deal with that tendency? Or are we stuck in a cycle of boom and crash for the financial system, and what impact does that have on the rest of the economy.
- And what regulations would prevent a person like greenspan from making such a decision/error?********
- i think thats the fundamental view between our views. U have hope in people. I dont. I think a more natural system works than regualted by fallible people********
- than fallible men. All nature is proven to self correct, even when men fail. thats why i lean that way.********
- not to say with really really really smart men we cant benefit in central planning, its jsut highly unlikely********
- look at msot of the GOP candidates. media and technology is altering the states with how one values********
- its getting worse, and as such i support a natural eco system of free trade even more so, and rely less on politcians to change things********
- change things********
- And what regulations would prevent a person like greenspan from making such a decision/error?