There needs to be a little regulation of the economy. You cant afford to always be so rigid and extreme. With no regulation, just think of what companies like goldman sachs and aig and their ilk would do to the middle and lower classes, as if they havent destroyed them already with their toxic loans and investments. Then they got bailed out, and companies like goldman sachs patted themselves on the back for a job well done and issued 6 billion dollars in bonuses, from those bailouts.
That is what put a massive economic strain on this country in the first place, that is what got the ball rolling. Stop thinking we are all angels because we are not, with the absence of law there will be chaos, and in the absence of economic regulation or oversight atleast people will not be able to get away with the shi.t they have gotten away with. Doesnt help that we have a socialist in government who entered the equation at the same time.
I never said zero regulation. There should be no bailouts. period.
The poster did not say anything about NO regulation
companies like goldman sachs and aig and their ilk would do to the middle and lower classes, as if they havent destroyed them already with their toxic loans and investments.
The toxic loans were 100% the fault of government. Barney Frank said, and I quote, "We want to roll the dice" when confronted A DECADE AGO about the possibility of a housing bubble if they authorized/mandated loans to under-qualified applicants. If government would stop making ridiculous rules, the financial institutions would not be put in the position of making such risky maneuvers. The Left forced them to get away from proper risk management rules and actuarial tables in favor of more feel-good lunacy.
Stop thinking we are all angels because we are not, with the absence of law there will be chaos, and in the absence of economic regulation or oversight
First, nobody said there should be an "absence" of laws. Secondly, no oversight is needed. Make a very few simple, stable, predictable rules, and enforce them equally, and you don't need anything else. We did just fine for 200 years without much regulation and oversight. More often than not, government is the problem, not the solution.... most especially in economics.