The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: yard_man who wrote (276852)	9/18/2010 1:37:36 PM
From: koan	Read Replies (1) of 306849

I agree with bentway 100%. Here is the simple problem with pure capitalism. It is sociopathic by its very nature. I.e. no conscien ce. Therefore a democratic society must provide the conscience. E.g. not allowing corporations to discharge mercury into lakes and rivers, food inspection, building regs, etc. Raygun applied laffers supplyside economic nonsense and it failed. Few top economics professsors aroung the world tteach supplyside economics anymore. It has been pretty well discredited. Common sense should tell a person tax revenue must match social expenditures over the long run; but in times of starvation society must help its citizens. Hoover would not help the starving populace and so the people voted in FDR. <<To: patio_guy who wrote (276835) 9/18/2010 9:28:15 AM From: bentway 1 Recommendation Read Replies (2) of 276892 I'm familiar with Mises and their view that all our problems stem from not being economically Libertarian enough. It's hogwash. What brought us to where we are today was born with the fantasy economics and regulatory policies of Ronald Reagan, and taken to it's sad conclusion by George W. Bush. Now, we're paying the piper..

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