the things being sacrificed in its name are more valuable than it is, anywayAnd what, pray tell, is being sacrificed in the name of economic security? With inflation running wild, and asset values crumbling, the dollar collapsing, and gold skyrocketing, all I can see is that financial security has been sacrificed for a bunch of bankers on Wall Street. I just hope that you are getting some of the take for your pimping.
The freedom of economic actors to borrow as they choose, to freely contract to do so, to command capital assets when and as they are willing to run the risks involved in doing so. At bottom what is currently being attacked in the name of security against momentary financial crisis, is the permanent direction of capital allocation by free and private, competitive means. You are already hearing the ginned up demands for nationalizations, for wholesale prosecutions of financiers, for star chambers, for criminalizing financial mistakes (see FBI, countrywide etc), for bailing out debtors at the expense of the contractual rights of creditors (see mortgage proposals, and you ain't seen nothing yet), and also for just burning down wall street as a competitor with Washington, because the Dems do not intend to let others direct any of the nation's affairs.
If credit issuance is picking your pocket is stealing and fraud, then the entire financial class can be put in prison and you will applaud like a good little fascist. White male bankers are the new Jews.