To: expat_panama
My take is the other way around, that government regulation (eg. affirmative housing action) caused the problem and the free market (eg. less tax'n'spending) is the answer. Maybe so, but by the time the bubble was getting ready to pop the financial industry was making loans to people all up and down the economic ladder that couldn't afford them...
9 posted on
04/13/2011 5:32:20 AM PDT by
EVO X
To: EVO X
Everyone has an opinion, but nobody knows for sure if gold is in a bubble, same goes for stocks, T-bills, whatever. What we do know for sure is that we need more freedom and a lot less tax'n'spending.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson