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To: Elroy Jetson who wrote (260632)7/14/2010 11:18:48 AM
From: RetiredNowRespond to of 306849
 
Great post and I agree with it completely, including the cure. We all need to embrace free markets, not try to paper over the pain of downturns caused by excessive risk taking. If we want to avoid painful downturns then we should regulate our economy in such a way that we make it difficult for abusers and criminals to take excessive risks with other people's money and then avoid the consequences of those risks.

As long as people are forced to feel the consequences of excessive risk, then we will have a market that can regulate itself. But when our government interferes to help risk takers avoid consequences, then they ultimately create more problems and more pain for the masses.