Thread: General Politics Why do people like Chris Christie?
View Single Post
Old 02-10-2013, 11:47 PM   #109
BucEyedPea BucEyedPea is offline
Bless FSU!
 
BucEyedPea's Avatar
 

Join Date: Apr 2006
Location: None of your business
Casino cash: $22825
Quote:
Originally Posted by DementedLogic View Post
The crisis would not have happened without government intervention into the marketplace. That is no oversimplification, that is the truth. Without the massive bubble caused by the federal reserve, there is no crash. The private sector participants should have to take accountability for their actions, but the government intervened in that as well. Creating more regulations doesn't fix the problem, it hurts the businesses who didn't contribute to the crisis. As long as the federal reserve continues with keynesian monetary policy, there will be bubble formation. Those bubbles will burst, as all do.
He lacks a basic understanding of our system, economics and moral hazard.
__________________
“The power to declare war, including the power of judging the causes of war, is fully and exclusively vested in the legislature.” ~ James Madison, Father of the Constitution

“We do not believe in aggressive or preventive war. Such war is the weapon of dictators, not of free democratic countries like the United States.”~ Truman, Sept 1, 1950
Posts: 59,766
BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.
  Reply With Quote