(April 2, 2011 at 2:36 pm)theVOID Wrote:(April 1, 2011 at 12:58 pm)reverendjeremiah Wrote: If they dont regulate the banks, this will happen over and over again.
If your Government didn't think it was a fucking brilliant idea for everyone to buy a house and decide to throw a ton of taxpayer resources at it (which it's still paying for now) by giving subsidies,....
..and they didnt regulate it properly. They turned it into a get rich quick scam. That isnt regulation. Thats rigging the game to throw prices into the extremes so that insiders can by low and sell high, and then get bailout money to top it off. They also changed the bankruptcy laws to where it is EXTREMELY difficult to get 100% forgiveness for people like you and me, but for a corporation all they have to do is bankrupt and change their name (like the merc group "blackwater" did here in Moyock NC).
Did I say that politics are just as absurd as the meaning of life stuff? Well I am saying it again. You cannot find a perfect economic system or a perfect political system. I dont think we should give up trying, but it looks bleak for humanity that even those who share the same political viewpoints save one will be at each others throats over that minor difference.
I also want to ask you, since you are a Libertarian..and listen closely to my question now:
How would this financial meltdown been avoided in a libertarian setting?
If the government stayed out of the economy, and it was "free market", then how would that change anything? You think our govt is using Keynesian economics because the masses want it? No. The money handlers want it. With that said if a libertarian govt was in control they would not say anything to the money handlers about what they can and cant do (for the most part). The money handlers would have gotten together and ran their system off of the keynesian system anyways. In other words, they would have paid off politicians (just like they are doing now) to ensure that the BANKS are ensured and the masses take the risks. They would have created monopolies and gotten so entrenched in the millitary that it would be considered "threat to security" to let these institutions fail. in other words, getting the govt out of the situation will not help. Putting the govt in the situation doesnt help. Cartels/Corporations will form and the masses will pay the penalties while the cartels reap the benefits.
