Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: elmatador who wrote (43252)	12/14/2003 4:15:16 AM
From: Raymond Duray	Read Replies (1) of 74559

Would you like me to do that for you? I wouldn't want to put you to the trouble. If you feel the urge to do some research on the subject however, I'd be an eager audience for your output. What I see is a pattern in de-regulation. It generally creates a lot more opportunity for theft, price-gouging and generally anti-social behavior by the new private suppliers of formerly regulated industries. Same is true for self-regulating industries in the U.S. such as accountancy, the mutual fund industry, the NYSE, etc. There is simply too much temptation to cheat for clever human beings to resist it, given the opportunity. In the U.S., we had a fabulous legacy of regulation dating primarily from the Franklin Roosevelt Administration which took it upon itself in the 1930s and 1940s to right the wrongs of laisse-faire capitalism that had pervaded the marketplace in the 1920s and created the havoc of the Great Depression. What Roosevelt fixed in that era, the Republicans and Wall Street seem determined to break again today.

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