If you could point out the free market, I would appreciate it. A free market
has two required market forces, profit AND loss. When the government removes
the chance of loss (like with Fannie, Freddie, FDIC, etc), people and
corporations are not only permitted, but encouraged to participate in
foolish economic agreements. We do not enjoy a free market. We are enduring
within a perverse bastardized socialist system.
Oh, and by the way... the only depression we have ever suffered is due to
government interference.
And, if we have artificially overhyped our economy with tax-based systems,
then yes, we need a recession to bring us back to reality. It was the
housing bubble that knocked some sense into people regarding real estate.
They would have learned their lesson if we didn't bail them out...
Economics is not about generating warm fuzzies for everyone. Its about doing
whats right for everyone. That does not include giving anything to anyone.
Eric
On Sun, Sep 28, 2008 at 4:22 PM, Craig White <
craigwhite@azapple.com> wrote:
> On Sun, 2008-09-28 at 15:52 -0700, Jason Spatafore wrote:
> > Vote Nader. Just save the hassle of dealing with stuff like this. Get
> these
> > idiots out of government....in a Nader ran country, this would be vetoed
> > immediately.
> >
> > If "free trade" worked, we wouldn't even be evaluating the bailout...this
> > kind of situation is evidence that free trade *does not work*. High paid
> > executives go after the dollar, make crappy decisions, and now the public
> > will help fix the problems they created?
> >
> > No. That is my final answer. :)
> ----
> Just curious about this logic...do you think that if we simply do
> nothing and allow the natural market forces to play this out, are you
> willing to accept a recession, a deep recession or even a depression as
> a consequence?
>
> Craig
>
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