Originally posted by David Floyd
The New Deal didn't end the Depression. Although government intervention certainly caused it.
The New Deal didn't end the Depression. Although government intervention certainly caused it.
Mind you, it was the LACK of regulation that caused that.
It's exactly the same thing that happened in 1987 and with the Asian crisis in the 90's. But now we have REGULATIONS that allow the kracks to not become as spectacular as in 1929.
And I'm the one who do know nothing about economics

I disagree. The only measure of freedom is the protection of individual rights. A free market system is the natural extension of protecting individual rights.
Got it. Laws and enforcement of these laws. If there was no need to force some people to respect the rights of others, we would be living in a perfect world and communism would work.
Face it : communism can't work just for the same reason that free capitalism can't either, and it's because humans are not perfects and that there will always be ones who try to get more and who infringe the rights of others. You need laws and regulation to protect people's rights. In politics like in economics.
Again, it's plain old logic, except for a free capitalism fanboy as it seems.
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