Date:   10/25/2008 4:53:16 PM ( 17 y ago)
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URL:   https://www.curezone.org/forums/fm.asp?i=1284747

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"Artificially controlling interest rates, finances and bailing out corrupt banks is NOT the free market in action."

Correct - these are all responses to the disaster that has been caused by letting markets regulate themselves.

Perhaps you missed this admission from Alan Greenspan, disciple of Ayn Rand-style libertarianism:

“You had the authority to prevent irresponsible lending practices that led to the subprime mortgage crisis. You were advised to do so by many others,” said Representative Henry A. Waxman of California, chairman of the committee. “Do you feel that your ideology pushed you to make decisions that you wish you had not made?”

Mr. Greenspan conceded: “Yes, I’ve found a flaw. I don’t know how significant or permanent it is. But I’ve been very distressed by that fact.”

http://www.nytimes.com/2008/10/24/business/economy/24panel.html?_r=1&hp&oref=...



 

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