In which countries do liberal policies work? I would say that the majority of the countries on earth have went the way of "liberal policy". And every one is now suffering from debt. We have the PIIGS(Portugal, Ireland, Italy, Greece and Spain) Japan(which is bankrupt yet nobody will "pull the plug') because of what it will do to the world economy, etc...
Mark
The single most dangerous conservative economic thought is that the market, no matter how diverse, threatened, or open to monopoly can correct itself. Without regulation markets become free for all brawls. Every single time producers will try to tie up their sector to manipulate it for their personal aggrandizement then exploit it like they did in 1929, 1987, and 2002. Donald Trump himself said he was drooling over the 2008 economic crisis looking at with a view to a kill not about the harm it was doing the nation.
I have a different theory. As government grows, it is imperative or business to infiltrate it to protect itself. Business wasn't to concerned with government until government became so large as to threaten business, then they became involved.
Now, business uses government to choose winners and losers, and protect themselves by writing laws to squash competition.
It is also my belief that economies suffer ups and downs on a regular basis, and that the downs are the mechanism that keeps economies from overheating.
One last thing. Just who is it that you know that is so brilliant that they should be the ones to regulate our economy? God already has a job.
Mark
Mark
I hope we have learned something from 1929, 1987, 2002, 2008, it is those lessons we should take to heart. God isn't needed in our economic stability, it is god given common sense.
The market is too complex for anyone to control. They are "throwing darts" which is as bad as the problems they try to solve.
Mark
Glass Steagal kept things running pretty smoothly for 70 years, I fail to see how it would be hard to reconstruct something similar.
We assume it did. Just because nothing happened while it was in force might be a coincidence.
Mark