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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (441699)12/21/2008 4:45:13 PM
From: tejek  Read Replies (1) of 1578127
 
Which is the whole point of the regulation that many were whining about. Sure, in most cases it impedes the growth of capital. But, without them, you get the world economy doing a belly flop every couple of decades. We went through centuries of that happening until the 20th century. Now, true, it didn't totally stop business cycles. But the downturns were no longer the white knuckled plunge into the unknown like the panics of the 19th century.

People like Tim think free markets are the ideal. Its probably because they didn't live in the 19th century when markets were freer and economic downturns were as bad as the Great Depression.....just not as long.
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