Quote:
Originally Posted by sck5
Sailaway you need to get out more. You think that somewhat better regulation of a financial market that is in the process of melting down is the same thing as Communist central planning? Sheesh. How ridiculous.
Yes, markets can and do self-regulate. One of the ways they do that is with periodic crashes and meltdowns. We have known for more at least a century (when they invented the Federal Reserve which by the way some called socialism back in the day) how to prevent that without trashing the free market system we all know and love.
It cracks me up when right wing crazies (thats YOU sway) cant imagine ANYTHING between anything-goes-no-regulations-at-all and the goddam communists!
Well here is a news flash. There is a lot of territory between you and the commies. Most of us live there. And are wishing the government would try to prevent financial crashes, because we know how to do it and should.
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You're assuming that the free market system is now trashed. Did you have trouble buying a loaf of bread or something today?
Perhaps you could enlighten us just as to what precipitous declines the government or the Fed has prevented in the past? All that the Fed has prevented is the government from printing money to get us out of every little hiccup and repeat what lengthened the Great Depression. But that's out the window now, government is printing money like mad, to what effect? You're staring a deficit in the face that is only rivaled by WWII spending and, you want more from government!
I'd like government to prevent market crashes also. Millions of American women would like government to prevent premature ejaculation as well. Neither is going to happen. Ever.