Quote:
Originally Posted by Elephant Walk
Uhm, the free-market would have prevented it. The government distorted the market so that the banks were able to do what they did. You do understand that, right?
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No, I don't. Feel free to explain, but please also include an explanation of how banks would always do the right (as in economically right) thing and the economy would be better off if there was no regulation.
ETA: But before you start, you might as well know that your characterization of the health care bill as "fascism" in the other thread has put you at the disadvantage of starting your explanation with a pretty big credibility deficit. Standard libertarian arguments I have no problem with, although I rarely find them convincing. But the fascism stuff pretty much indicates a disconnect with political reality as far as I'm concerned.
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