Ferinex wrote:the bailouts would not have been necessary had better regulations on the free market been in place in the first place.
http://en.wikipedia.org/wiki/Fannie_Maehttp://en.wikipedia.org/wiki/Freddie_MacAh, yes. Those shining symbols of free enterprise who by government decree issued housing loans to people who could not afford them. Observe the word 'federal' in their respective names. Big government *caused* the housing bubble and the crash of -08 by proudly declaring that everyone should have a home of their own, and that no one would have to pay for it. Much like it caused the great depression, and much like it is now inflating a new bubble -- which might just make the last one look small in comparison -- by issuing more federal reserve monopoly money through the ponzi-counterfeiting scheme known as "quantitative easing", keeping interest rates artificially low and causing yet more people to take on new loans that they -- unsurprisingly -- still cannot afford. By bailing out failed corpo-cleptocratic entities that on any sort of free market -- deprived of the government support which is the necromancy that today instills an unnatural life beyond life in them -- would have died a gruesome death a long, long time ago. All this to maintain the false illusion that the welfare state is not doomed to fail, and that its bills need not be footed by anyone ever. So that we can continue to enjoy our false sense of prosperity -- and avoid taking responsibility for the last century's terrible experiment with welfare statism -- for another year, month or day, whichever seems expedient.
Sound money and free enterprise *prevents* the boom-bust cycle, the root of which is, was and always will be government issued fiat money.
How can you seriously propose to blame the free market for the market crash when all the key organizations responsible for it -- The Federal Reserve, Fannie Mae and Freddie Mac -- were government or pseudo-government entities? In what world does that make any sense what so ever? The U.S taxcode is long enough to fill up several football fields, and the Swedish is not far behind it, yet you claim we need *more* laws!?
Have you ever tried running a business? I have, and it is not a pleasant experience. Seatribe has about 5 or 6 transactions to account for each month -- you'd think we'd just have to send the government goons a check -- yet loftar and I are apparently supposed to have to read through little novels (I shit you not) of government red-tape and regulations in order to run our piss-small little company. The system is so complex that we *cannot* hope to fill out our forms correctly. We have spent hours upon hours dealing with their bullshit, and we still don't have much of a clue if we're doing what they want us to, or if we are setting ourselves up for getting slam-dunked by the Swedish IRS (Skatteverket). There are currently so many exceptions in the tax code that it is unclear if there was ever a rule in it. And you want *more* regulations?
Do you know how high government regulation raises the bar of entry into a market? Do you understand that all government regulation accomplishes is to prevent or hinder good people like loftar and I (or loftar, at least) from starting companies, while protecting the vested interests of the entrenched elites? The people who already have power, money and influence? The apparatchiks of the bailed-out banks and the financial cleptocracy?
I am sorry if I scream at you or engage in my usual demagoguery, but this affects me personally in so many ways that disturb the living daylights out of me. Wake up from your little hippie day-dream and take a deep breath of reality. It smells like shit.
Over and out.