ManusJustus on 14 November 2008
| Soleron said: 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. |
There are good forms of regulation and bad forms of regulation. Regulation that prevents predatory lending is a good thing. Regulation that supports bad business decisions is a bad thing. The trick is deciding which regulation is beneficial and which regulation is harmful.
