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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: RMF who wrote (524119)	11/23/2012 3:47:49 AM
From: LindyBill	1 Recommendation Respond to of 793670

Free markets got us into all the CRAP were in now..... Really? What kind of market would you prefer?

To: RMF who wrote (524119)	11/23/2012 3:49:00 AM
From: i-node	3 Recommendations Read Replies (3) \| Respond to of 793670

>> Free markets got us into all the CRAP were in now..... That a very big statement. Would you care to be a bit more specific? A lot of things that get blamed on "free markets", if traced to their roots turn out to have other origins. For example, the problems with our health care finance system can pretty much be traced to government's actions at some time in the past. I'm not sure what you're referring to specifically, but I would suspect there is more to the whatever problem you're talking about than just "free markets caused it."

To: RMF who wrote (524119)	11/23/2012 2:48:13 PM
From: Joe Btfsplk	17 Recommendations Respond to of 793670

Free markets got us into all the CRAP were in now..... I think you represent a frightening threat to my kids and theirs. You've never lived in anything like a free market and can't imagine how it works or why, therefore create suppositions to fit your limited knowledge base. Contrary to the meme promoted by our failed institutions, the crap we are in now originated with statist interventions in a free market combined with failure in the "money" they provide. Gates were opened that allowed very intelligent sharpsters to game the system. Learning why is an endeavor most of your persuasion are not inclined to pursue. Let me suggest a solid fact you could check. The material prospects of any nation a decade or generation hence is directly related to the degree of economic freedom now existing, and the degree of certainty that delight will persist. Learn that and a door is open to understand why. A free market requires best efforts to compensate for the fact that few are perfectly angelic. That is a legitimate role of government, but very subject to abuse. America started with pretty good restraints on those abuses, but only a shadow of an echo remains. Perfection ain't in the cards, but there still are potential systemic restraints to impede the natural inclination of politicians to get and exercise Acton's disease.

To: RMF who wrote (524119)	11/23/2012 8:19:25 PM
From: Little Joe	25 Recommendations Read Replies (1) \| Respond to of 793670

"Free markets got us into all the CRAP were in now" Oh, exactly which part of a free market system requires banks to lend money to people who can't pay it back. What part of a free market system required the creation of multiple bubbles to bail out the financial losers in our economy. What part of the free market system requires the use of huge deficits to pay for what we want. What part of the free market system required us to go to war in Iraq and Iran, let alone not pay for the wars. As for regulation none other than Bill Black, probably the foremost expert on bank fraud in America explains that the problem wasn't lack of available regulations it was the unwillingness to utilize it even after the fact to prevent fraud. I would add that every problem we have was directly or indirectly of government policy. The serial bailouts-bubbles was the direct result of fed policy with both parties cheering Greenspan on. The deficits were likewise created by the same culprits. The wars were all authorized by congressional action, including members of both parties. To say that the free market system caused our problems is just not true. Yet, not even the Republicans defend the free market system from these false memes. lj