Sunday, August 14, 2011
Didn't the media do a good job instilling the deregulate mantra in uneducated?
Every liberal out there is spouting abject non-sense that deregulation CAUSED the bubble. I have no problem saying it contributed to the bubble but what CAUSED the bubble is the federal reserve bank! When there is cheap credit people are going to find et cles to allocate their cheap credit to receive a return. How do you think the DOT com bubble started do you think it was deregulation?? No it was cheap credit for too much. What deters mal investment? HIGH INTEREST RATES!! Not regulation. I say if the housing market was very regulated during the bubble time investors would have allocated their capital to another sector of the economy and would have just caused an even bigger crash. You have to look at the SOURCE of the problem THE FED! end the FED!! Also now we have the mes demanding socialism for the solution we the problem is we have FASCISM running the country already government and corporations are working together now! This is a disaster we need to focus on the problem the fed.
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