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vanderbiltst (October 12, 2008 at 12:41 pm)
Bullshit! The market is DICTATED by the Elite Industrialists and that is the bottom line!! See who Edward Bernays was!!!
utubehayter (October 10, 2008 at 4:39 pm)
Who said that you are right about your diagnosis of the GD? Backup your claims with data, if you want to be taken seriously. You have no proofs, no data, no hypothesis - just magically "Unregulated Capitalism is to blame".. Very convincing.
utubehayter (October 10, 2008 at 4:34 pm)
giving businesses too much power? Who gives businesses too much power? Think for a minute - its the government and the consumer. The consumer can withdraw their consent to power, so can govt, but the palms of members of govt can always be greased to allow continuation of hold of power by people who depend on political enterprise.By the way, do you have an example of any economic phenomenon like the great depression or the German hyper inflation, in a system absent govt regulation.
utubehayter (October 10, 2008 at 4:31 pm)
the fact? Who said that is a fact? As soon as a business uses govt for its personal gain - it ceases to be a free market. Is that a argument against the free market? I don't think so. As for painful recessions - recessions are not painful - depressions are. But in any economy, recessions are inevitable. Depressions are inevitable in controlled economy ONLY. So choose what you want, the short term pain for the entrepreneur of recession OR perpetual pain for everyone of depression.
t0nt01982 (October 10, 2008 at 2:10 pm)
listen."tax cuts" give people FREEDOM to use their money for their own "self interest" or "greed" is what liberals call it. deregs give business "freedom" to operate freely w/o gov coercion. "forcing govt" is nonsense. NOONE forces gov. Politicians allow this practice of mixing gov. and private sector. Politicians get paid under the table to "regulate". Fannie mae for ex. to answer ur ? YES, tax cuts and dereg means reducing size of gov., conservatism. spending? NO.
t0nt01982 (October 10, 2008 at 2:00 pm)
wow, so I can cite one of the greatest economist of the 20th century and quotes from the founding fathers and you'll still listen to cogressional democrats saying the free market failed. you should definitely consider expanding your horizons and stop watching liberal tv.
BboyVIRTUE (October 10, 2008 at 2:56 am)
Fine, don't answer my question.
BboyVIRTUE (October 10, 2008 at 2:51 am)
You can cite all the people and studies you want, and that still won't be the primary cause of the GD.
BboyVIRTUE (October 10, 2008 at 2:49 am)
I was referring to the fact that a free market inevitably gives business the power to shape our govt for personal gain in ways that will continue to cause painful recessions as long as we operate under this framework.
BboyVIRTUE (October 10, 2008 at 2:46 am)
Haha, I see the logic, but I think if you experienced recessions with the bottom 25%, you wouldn't accept even the small ones, and it doesn't make sense to pick the fed out of the 6-7 accepted GD causes as THE cause anyway. Also, expansionary policy results in part from giving business too much power, which they use to influence the Fed's expanding of credit, it's all incentives. ex: bailout, headed by a GSachs alum. & sry about the emotion, it's a touchy subject, & t0nt0 argues in circles. |
