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

To: frankw1900 who wrote (623691)	1/28/2017 6:42:12 AM
From: alanrs	1 Recommendation Recommended By Joe Btfsplk Respond to of 794365

I Think it's clear that fewer bad loans are made in the period leading up to the boom times than during and at the end. So clearer regulation of what sort of loans and credit instruments banks can not make and with serious personal penalties for violation. I don't think financial downturns can be prevented, (see top 2 paragraphs) but I'm sure their severity can be ameliorated. From what I've read, economic recovery has been much quicker in the few instances that govt interfered minimally. Bad behavior is it's own reward, if it is allowed to play out. Of course, if one is going to mess with things on a massive scale it makes sense to study it and analyze it, and I'm a big fan of human nature. Doesn't mean I understand it. Doesn't mean I should mess with it, just because I can. Seems to me that the aggregate behavior of free agents is the most stable system possible, as a theoretical construct, obviously not possible in the actual world. Still, having identified govt as a net drag no matter what, I'd like as little of it as possible. Especially factoring in human nature. Generally speaking. ARS