sc94597 said:
Sorry, but the "crash of 2008" was caused by keynesian "stimulus", not some mythical free-market that hasn't existed in the U.S since the late 18th century. Goverment told banks to arbitrarily lend money, and guess what, people defaulted on their loans. In a free-market this bubble would never have happened, because these bubbles are created by state interventioned and the bursts are reactions to the actions that try to set the market straight. But this has nothing to do with regulation. This has to do with people thinking it is alright to tax (steal from) a corporation (or individual - the laws apply to the smallest man as well) twice just because it started (was born in) one state and accrues money in another (by the volutary exchange of the resources and services of individuals.) |
http://yanisvaroufakis.eu/2013/11/26/did-the-fed-cause-the-crash-of-2008/
Wall street does have hands in this....but itsnt entirely on the free market.