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Politics : The Castle
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To: tejek who wrote (3003)3/8/2004 12:16:32 PM
From: TimF  Read Replies (1) of 7936
 
May be so but that does not change the fact that it was a lack of gov't regulation which caused the problem initially.

Caused what problem? The crash itself, the depression what?

You think that the crash or depression would not have happened had the government in say 1925 decided to regulate more?

The crash happened before the tax increases but the boom and then bust had a lot to do with money supply and with tariffs.

What Caused The '29 Crash And Great Depression?
ncpa.org

It was one of many examples where gov't intervention is needed to keep unbridled and unrepentant capitalists from running wild.

What specifically is this running wild that you are talking about? The economic bubble in the 20s (like the one we had recently in tech stocks)?

Its one of the inherent problems with free market capitalism and why its not the best econ. system just one of the best right now.

In America's history our economy grew faster but with more wild swings before there was a lot of regulation and government spending. But its hard to determine how much of this slower and steadier growth comes from government activity and how much comes from the fact that we a re a more developed economy. I'm fairly sure that some social programs do make the economy slower but steadier. The actions of the Fed can either increase or decrease volatility.

Tim
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