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Politics : The Castle -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (3014)	3/9/2004 2:22:00 AM
From: tejek	Read Replies (2) \| Respond to 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? The crash. You think that the crash or depression would not have happened had the government in say 1925 decided to regulate more? Yes. The crash happened before the tax increases but the boom and then bust had a lot to do with money supply and with tariffs. We have booms and bust now but the markets don't crash like they did in 1929. What Caused The '29 Crash And Great Depression? ncpa.org; Interesting thesis. 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)? Overt greed usually results in over the top speculation; its a major flaw in the capitalist system. Another flaw.....the tendency to develop monopolies or oligarchies in order to control the market and the price of goods. There are others.........I know capitalism is a sacred cow with you but it is flawed. ted