Comment 28028

By A Smith (anonymous) | Posted January 04, 2009 at 22:43:38

Brandon, the term "credit crisis" was put out by the one's who messed up. They knew that in order to get bailed out, they needed to scare the public into believing that we were all headed for another "Great Depression". Never mind the fact that over the last 4 quarters, real GDP is up almost 1% in the U.S., hardly a depression.

Furthermore, the only ones calling for more government are the losers, the last people government should be listening to.

If the banks that over-leveraged themselves had been allowed to fail, the only thing that would have happened is that those who survived would have gotten bigger. Smart banks would have replaced stupid banks.

Once again, the free market is not about outlawing failure, it is about creating an environment where the smartest companies are allowed to take on an ever larger role in producing what consumers are demanding. By introducing regulations to limit this natural flow of capital, you are simply slowing the natural progress that comes from allowing businesses to compete.

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