Soleron on 14 November 2008
I believe the financial crisis was caused by too much regulation. If the market had been freer (no government directives that subsidise mortgages to customers who can't pay; no government-sponsored banks like Freddie Mac was*, no trade restrictions, no corporate tax breaks) it would have been better.
Therefore a move towards American socialism (i.e. corporate, not personal, welfare) is bad and will prolong the recession.
*even before this crisis.
