Another $800 billion to buy mortgages

[SamuelRSmith]

Soleron said:

SamuelRSmith said:

 

 

 Well, as you should know; things are, on the whole, going to be far more regulated than what they were before, I doubt any government would want to see this again.

^Now that's what I call a complex sentence.

One thing people must learn, however, is that the economy is on a cycle, and after every boom, there is a recession, then depression, and then a recovery period, and then another boom. This cycle usually lasts 7 years.

I think we're always going to disagree on this, but I think the increased regulation and intervention that will be in place long after this situation subsides are BAD and will cause more inefficiency in the economy. The economy "works" usually because it has freedom to react - good or bad - to unplanned events. Governments will never be able to make it work that well.

Yes, I agree that we will always have a boom-bust cycle - regulation to stop booms or busts is bad, though, right?

 

 

 Yes, it is, but this credit problem is something that has happened on top of the regular cycle, making the recession far worse than what it could have been. Regulating credit control can help the economy overall, help people become happier, and can make the next recession far easier to get through.

EDIT: Forgot to add "imo"