Here is an example of how government creates problems.

[David Horn]

(05-21-2017, 06:55 PM)Galen Wrote:

(05-21-2017, 08:31 AM)David Horn Wrote:

(05-20-2017, 07:18 PM)Galen Wrote:

(05-20-2017, 03:35 PM)Warren Dew Wrote: The fact that there were frauds and a delusional bubble prove that the regulation was not performing its intended job.  Why keep it around when it doesn't work?

In fact, many of the frauds survived by the Fed and TARP.  AIG and the too big to fail banks are prime examples of this.   It seems far more likely that the liquidation would have been much faster and the one percent almost certainly would have lost much in this process.

Seems like an appropriate outcome to me.

Do you honestly believe that the power brokers would have allowed a solution that impoverished them?  That's especially true when the GOP is in power, so advocating for the impossible is just blowing smoke.  If you want to sideline the wealthy and powerful, you need to do exactly the reverse of what you seem to believe is right: disallow outside money in campaigns at all levels by publicly funding them.  This will require an amendment to the Constitution, so put on your hip-waders.  You'll be spending a lot of time actually draining the swamp, not just talking about it.

Could they have imposed the situation they wanted without government force?  Why do you think Morgan and Rockefeller supported the progressive agenda in the early twentieth century?

You could try actually learning some economic history but there really isn't much chance of that happening.

Laisse faire is, by definition, the disinvolvement of government in the economy.  Power always exists, so eliminating public power guarantees that private power will dominate.  Public power is not without issues; I won't be the first to admit that.  It is, nonetheless, subject to constraint.  For a real-time example, look at our President trying to operate in the public sphere as he did in the private sphere.