In the 1800's when they beat the slaves on the plantation. The "solution" was not to regulate how the plantation masters treat their slaves. No, that would be a slap in the face to everybody who ever suffered under that system. The solution is to kill the plantation system which by it's very nature was unjust.Well, the same is true today with fiat money and the federal reserve. The very nature of the system rewards fraud and reckless credit, should anyone be surprised that we are where we are today? The solution isn't to regulate it, that just props up their game longer and is a slap in the face to anybody who lost money and the taxpayers who have funded the bailout. No, don't regulate the freaking thing, just kill it!
The whole idea that deregulation would cause problems is so obvious. Companies that screw the government and customers make lots of money. Companies that are ethical get stomped by ones who aren't and either stop being ethical or go away. Dur.
*reads well-referenced article explaining in detail how deregulation and free market ideology f**ked the country**decides that less regulation and more free-market would have solved everything**is a Ron Paul supporter*
Umm, in a free society, it is still illegal to infringe on another's individual freedom. I never stated I was in favor of anarchy.True deregulation exists when the government only exists to protect the freedom of the individual.
It's an exhuastive piece of extremely important information. This NEEDS to be seen on Digg to throw those silly "Bush/Barack ruined the economy" off the front page.
vroom101Mar 9, 2009Submitter
Shah Gilani, the author of the submitted article, has formulated "A Plan To Repair The United States Banking System": <a class="user" href="http://www.moneymorning.com/2009/02/25/repair-us-banking-system/" rel="nofollow">http://www.moneymorning.com/2009/02/25/repair-us-b ...</a> (www.moneymorning.com/2009/02/25/repair-us-banking-system/) via <a class="user" href="http://digg.com/business_finance/A_Plan_To_Repair_The_United_States_Banking_System" rel="nofollow">http://digg.com/business_finance/A_Plan_To_Repair_ ...</a> (digg.com/business_finance/A_Plan_To_Repair_The_United_States_Banking_System)
novenatorMar 9, 2009
But I thought it was all Obama's fault?/s
argoffMar 9, 2009
In the 1800's when they beat the slaves on the plantation. The "solution" was not to regulate how the plantation masters treat their slaves. No, that would be a slap in the face to everybody who ever suffered under that system. The solution is to kill the plantation system which by it's very nature was unjust.Well, the same is true today with fiat money and the federal reserve. The very nature of the system rewards fraud and reckless credit, should anyone be surprised that we are where we are today? The solution isn't to regulate it, that just props up their game longer and is a slap in the face to anybody who lost money and the taxpayers who have funded the bailout. No, don't regulate the freaking thing, just kill it!
jeremyduffyMar 9, 2009
The whole idea that deregulation would cause problems is so obvious. Companies that screw the government and customers make lots of money. Companies that are ethical get stomped by ones who aren't and either stop being ethical or go away. Dur.
zeitgueistMar 9, 2009
*reads well-referenced article explaining in detail how deregulation and free market ideology f**ked the country**decides that less regulation and more free-market would have solved everything**is a Ron Paul supporter*
moonkeeperMar 9, 2009
In a truly deregulated economy, physical coercion, breach of contract, and fraud are still illegal. So, I would have legal recourse.
moonkeeperMar 9, 2009
Umm, in a free society, it is still illegal to infringe on another's individual freedom. I never stated I was in favor of anarchy.True deregulation exists when the government only exists to protect the freedom of the individual.
cygurationMar 10, 2009
It's an exhuastive piece of extremely important information. This NEEDS to be seen on Digg to throw those silly "Bush/Barack ruined the economy" off the front page.