Sardauk said:
Viper1 said:
So you don't mind that were inflating the money supply and losing purchasing power that greatly affects your revenues and ALL business and people even worse?
The market would have fixed itself. Bankruptcy is a powerful market tool that for the most part was not even given a chance by the government and Federal Reserve that just tossed over trillions of our money like candy. You know, didn't ask me if it was Ok to use my candy.
Banks were failing, credit was screwed by why was that? What are the fundamental properties that create those problems and what can be done to not just fix them but prevent them? Artificial market factors caused them (thank you Fed and moronic regulators) so why assume artificial factors will fix it?
How long can we inflate bubble after bubble before there exists no more bubbles to inflate? How long can we monetize debt before we join the ranks of Weimar, Zimbabwe and Yugoslavia?
How long can we promise entitlements before people realize we'll never get them yet still shoulder the cost? |
I understand your point... but I believe the crisis came from the opposite direction -> An artificial financial bubble market that exploded and is impacting the real economy.
So if I'm following your views, I don't believe any second that the real market economy has to sustain the failure of the financial markets.
It is just another level of interventionnisme (real market pays for the mistake of the banks instead of the governement who allowed them to do such things like the subprimes).
Why would the car manufactures, the utilities business, the services companies.... have to pay for the mistake of the banks ?
I'm a bit naive in my comments, I'm no economist... but it makes sense to me.
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Why should I pay for them?
