Why We Regulate
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Thread created 05-14-2012 by cavan
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Which overrated Austrian economist? Frederick Hayek was a mainstream modern European conservative (but said he was not a conservative) who favored some government regulation and intervention,...
Why We Regulate
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Thread created 05-14-2012 by cavan
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I will agree that regulation doesn't stop recession, though it help lessens the severity.
Why We Regulate
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Thread created 05-14-2012 by cavan
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I think a very good read is Robert Wenzel's speech to the Fed a while back ago:
http://www.economicpolicyjournal.com/2012/04/my-speech-delivered-at-new-york-federal.html
This offers a different...
Why We Regulate
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Thread created 05-14-2012 by cavan
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That is my point...that regulation doesn't curb that issue!
Why We Regulate
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Thread created 05-14-2012 by cavan
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If the market is allowed to decide, it decides. If it's not, no matter the policy, the imbalances (ie bubbles) continue eating people up and spitting them out.
fark the regulation; just follow...
Why We Regulate
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Thread created 05-14-2012 by cavan
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You will always have recessions, they are the correction to bubbles or periods of overgrowth.
Why We Regulate
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Thread created 05-14-2012 by cavan
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You guess wrong.
Also look at the economy before 1933, including during the years we had almost no banking regulation or central bank -- more and bigger panics and recessions, major bank runs...
Why We Regulate
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Thread created 05-14-2012 by cavan
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I guess you are turning a blind eye to the 9 recessions from 1933 - 1981. (particularly the 1973 - 1975 recession)
Why We Regulate
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Thread created 05-14-2012 by cavan
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FDR rescued our our banking in 1933 and put it under heavy regulation for 50 years. During that time it thrived, helped the US thrive, and was rock solid. Then banking was deregulated in the...
Why We Regulate
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Thread created 05-14-2012 by cavan
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You should post something about the article..like why you are posting it, or your thoughts..mindlessly posting an article is kind of pointless.
Why We Regulate
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Thread created 05-14-2012 by cavan
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http://www.nytimes.com/2012/05/14/opinion/krugman-why-we-regulate.html