Well, LESS regulation did such a wonderful job in the mortage market, eh?
“Well, LESS regulation did such a wonderful job in the mortage market, eh?”
What’s wrong with the mortgage market?
Some banks who shouldn’t have lent money to liars may get hosed?
Some idiots and speculators who borrowed too much money may lose their shirt?
Sounds find to me.
The problem is half-ass regulation to try to “fix” what idiots did. They idiots just need to go broke. THAT’s the way a market works.
And in the airline industry...
The rule of law is ever the conservative touchstone. The relief from the arbitrary application of power is the Whig tradition that began it all.
Law, transparent conduct, and steady, infrequently changing regulation can be simple Order.
Government planning and planned outcomes for enlightenment goals is the liberal extreme and that is Hayek's message as well.
Free Markets never meant rapacious markets.
Could the OPEC posers do the same a Bunker Hunt and his brother. Probably not in the long term as production is more on going than in the finite supply of silver. But, in the short term....I worry about that.