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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (8663)	5/18/2006 2:32:19 PM
From: TimF	Respond to of 71588

Bubbles have happened in unregulated markets, slightly regulated markets, moderately regulated markets, and highly regulated markets. The mere existence of regulation doesn't prevent them. One of these bubbles collapsing lead to a decade long depression, the others did not. It might make sense to look at what was different after the collapse of this particular speculative bubble. What was different was a trade war, a series of large tax increases, and regulation that both extreme and stupid. Which doesn't mean that some forms of regulation might not have been useful before the crash or even after it, but a massive increase in regulation, combined with most of it being very foolish regulation, did in the economy for years. Tim