View Single Post
  #6 (permalink)  
Old 10-10-2008, 12:03 PM
saltwn's Avatar
saltwn saltwn is online now
Moderator
 
Join Date: Oct 2007
Location: town in the Northwest- Home of the National Fiddle Finals!
Gender: Female
Posts: 12,846
Thanks: 8,704
Thanked 4,781 Times in 3,273 Posts
Default Re: Finding the culprit

Quote:
Originally Posted by Adept1 View Post
The stock markets collapses and recovers......has its ups and downs etc......this is totally inevitable. The problems happen when the government attempts to control the natural forces of the market. Similar to "trying to control the weather", you cannot defeat mother nature. She will reassert herself in a much stronger method. Free enterprise regulates itself.....the law of supply and demand is so powerful that it can NOT be overcome even by regulation. Every time the government interferes they will later have to interfere again to correct the "new" problem that THEY created.
That kind of thinking got us into this mess!
Prime example........."anti-gouging" laws......when a supply is tight how else can you regulate how soon it will be wasted away if you do NOT raise the price. Last 3 rolls of toilet paper in town and you can't "auction them". Keep in mind that you were the one with the foresight to stockpile and paid for them and furnished the place to store them. Actually if you think about it ALL auctions should be illegal using the anti gauge laws.
The deregulation of the banking industry allowing them to merge with insurance and investment companies has a direct correlation to what we are seeing happen right in front of our eyes.
__________________

I did not win the Powerball again!


"When a true genius appears in the world, you may know him by this sign, that the dunces are all in confederacy against him."
--Jonathan Swift
Reply With Quote