Government Is The Cure.

[Windship]

Nine thousand banks failed during the months following the stock market crash of 1929. It is far too simplistic to view the stock market crash as the single cause of the Great Depression. A healthy economy can recover from such a contraction.

Lol, and then the tax payers bailed them all out. Sound familiar? This is what happens when government doesnt regulate wall street and the banks criminal greed.
Government was removed from the equation and unfettered capitalism, layed down, by default, an excellent example of what happens when you dont babysit greedy, self centered criminal capitalists. Unfettered capitalism will consume worlds if we let it...and we're letting it...and it is...consuming the world.

 

[Mac1958]

Of course, there is no such thing as "unfettered capitalism". The issues are (a) understand that "more" regulation is not necessarily "better" regulation and creating & maintaining effective, efficient regulation and (b) finding a proper equilibrium between that efficient regulation and the raw growth and dynamism of markets.

Our regulatory agencies completely let us down in the lead-up to the Meltdown, completely turning a blind eye to the various kinds of securities (and ratings agencies failures) that created such an incredible real estate bubble. So yeah, "more" regulation was needed and it just wasn't there. The danger is in over-regulation for regulations' sake. And "too big to fail" still exists, which is pretty amazing given our recent history.
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[Windship]

There is a such thing as unfettered capitalism. We're just not there yet. Lol, of course I meant healthy regulations. Through history, every time regulations are eased, we wind up bailing out the banks.

 

[SuperDemocrat]

Of course, there is no such thing as "unfettered capitalism". The issues are (a) understand that "more" regulation is not necessarily "better" regulation and creating & maintaining effective, efficient regulation and (b) finding a proper equilibrium between that efficient regulation and the raw growth and dynamism of markets.

Our regulatory agencies completely let us down in the lead-up to the Meltdown, completely turning a blind eye to the various kinds of securities (and ratings agencies failures) that created such an incredible real estate bubble. So yeah, "more" regulation was needed and it just wasn't there. The danger is in over-regulation for regulations' sake. And "too big to fail" still exists, which is pretty amazing given our recent history.
.

Bascially you want government to control our economy because you believe that works better. How much control do you want to hand over to the government regarding your own economic decisions? When the car companies complain about a lack of revenue into their businesses the government demands you buy at least two cars from them. How long do you think that would work and how much would it suck to know your paycheck isn't really yours since you can't spend it the way you want to.

 

[SuperDemocrat]

The economy is going so well right now.... Thank God we are doing it the Hugo Chavez way

 

[Mac1958]

Of course, there is no such thing as "unfettered capitalism". The issues are (a) understand that "more" regulation is not necessarily "better" regulation and creating & maintaining effective, efficient regulation and (b) finding a proper equilibrium between that efficient regulation and the raw growth and dynamism of markets.

Our regulatory agencies completely let us down in the lead-up to the Meltdown, completely turning a blind eye to the various kinds of securities (and ratings agencies failures) that created such an incredible real estate bubble. So yeah, "more" regulation was needed and it just wasn't there. The danger is in over-regulation for regulations' sake. And "too big to fail" still exists, which is pretty amazing given our recent history.
.

Bascially you want government to control our economy because you believe that works better. How much control do you want to hand over to the government regarding your own economic decisions? When the car companies complain about a lack of revenue into their businesses the government demands you buy at least two cars from them. How long do you think that would work and how much would it suck to know your paycheck isn't really yours since you can't spend it the way you want to.

I don't know what your point is.

Are you saying that financial markets would be fine with zero regulation?

Or do you agree with me that finding a proper equilibrium is key so that we are not unnecessarily over-regulated?
.

 

[SuperDemocrat]

I'm about to spam but who cares.

The problem with large governments is that they now have the power to enforce any law they want. What is so wrong with that considering it is a democracy? Shouldn't we be able to enforce every law in the book since we voted for them? A large government in that case wouldn't be so bad if the laws passed were ones that benefited the people such as enforcing traffic laws but what if the same governments started to pass laws that violated our rights? This has happened in American history and people were able to resist because government didn't have the resources to fully enforce them against a population that was actively resisting them because it cost money to be able to enforce the laws in such a way.

 

[SuperDemocrat]

Of course, there is no such thing as "unfettered capitalism". The issues are (a) understand that "more" regulation is not necessarily "better" regulation and creating & maintaining effective, efficient regulation and (b) finding a proper equilibrium between that efficient regulation and the raw growth and dynamism of markets.

Our regulatory agencies completely let us down in the lead-up to the Meltdown, completely turning a blind eye to the various kinds of securities (and ratings agencies failures) that created such an incredible real estate bubble. So yeah, "more" regulation was needed and it just wasn't there. The danger is in over-regulation for regulations' sake. And "too big to fail" still exists, which is pretty amazing given our recent history.
.

Bascially you want government to control our economy because you believe that works better. How much control do you want to hand over to the government regarding your own economic decisions? When the car companies complain about a lack of revenue into their businesses the government demands you buy at least two cars from them. How long do you think that would work and how much would it suck to know your paycheck isn't really yours since you can't spend it the way you want to.

I don't know what your point is.

Are you saying that financial markets would be fine with zero regulation?

Or do you agree with me that finding a proper equilibrium is key so that we are not unnecessarily over-regulated?
.

They would be fine if government didn't get involved.

 

[Mac1958]

Of course, there is no such thing as "unfettered capitalism". The issues are (a) understand that "more" regulation is not necessarily "better" regulation and creating & maintaining effective, efficient regulation and (b) finding a proper equilibrium between that efficient regulation and the raw growth and dynamism of markets.

Our regulatory agencies completely let us down in the lead-up to the Meltdown, completely turning a blind eye to the various kinds of securities (and ratings agencies failures) that created such an incredible real estate bubble. So yeah, "more" regulation was needed and it just wasn't there. The danger is in over-regulation for regulations' sake. And "too big to fail" still exists, which is pretty amazing given our recent history.
.

Bascially you want government to control our economy because you believe that works better. How much control do you want to hand over to the government regarding your own economic decisions? When the car companies complain about a lack of revenue into their businesses the government demands you buy at least two cars from them. How long do you think that would work and how much would it suck to know your paycheck isn't really yours since you can't spend it the way you want to.

I don't know what your point is.

Are you saying that financial markets would be fine with zero regulation?

Or do you agree with me that finding a proper equilibrium is key so that we are not unnecessarily over-regulated?
.

They would be fine if government didn't get involved.

Being in the industry, I couldn't disagree with you more.
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