All financial institutions to be run by the federal government.

[ManusJustus]

akuma587 said:

ManusJustus said:

TheRealMafoo said:

The federal government used to not pay for roads. Yet another entitlement they took upon themselves to provide for the people.

Yeah, and those were dirt roads that horses and wagons had trouble traversing.  The government has to provide roads because they cannot be provided by the private market because of market failure.  One of the first things they teach people in Economics 101 is that roads are public goods that the free market cannot provide so the government provides it.  I guess they assume that people are smart enough to figure out for themselves that it would be both ridiculous and inefficient for a company to put toll booths up on every street intersection to collect revenue on their services, so instead taxation should be used.

Its one thing to not reply to my posts because you are unable to answer them, but to continue this parade of ignorance is a slap in the face.

No joke.  Even Mafoo can't explain his own philosophy, let alone why any rational human being would follow it.  I can understand being for welfare reform, but Mafoo creates arbitrary distinctions and categories that don't actually exist.  He fails to see that in many ways government intervention (by buidling roads, infrastructure, providing unemployment benefits, regulating the economy) is what actually allows the free market to blossom. 

What if the government stopped building roads, stopped enforcing civil laws and regulations, didn't allow people to resolve their economic disputes in the courtroom, and didn't license certain professions like doctors and lawyers?  It would cause complete anarchy.  Whether or not free market people want to admit it, the government is an integral part of the free market and is the only reason why a free market can be sustainable.

I whole-heartidly agree.