Re: did the Laissez-faire free market create the perfect storm not seen since the great depression? fear of lending, fear of borrowing, the only instances we have experienced both in modern times are the Great Depression and Japan

<Video61@[EMAIL PROTECTED]
> wrote in message 
news:24c9b24d-04ac-4d90-8109-82f3deac873a@[EMAIL PROTECTED]
> did the Laissez-faire free market create the perfect storm not seen
> since the great depression? fear of lending,  fear of borrowing, the
> only instances we have experienced both in modern times are the Great
> Depression and Japa
>
> http://suddendebt.blogspot.com/
>
> there was no government intervention here, the groups of sellers,

I don't know how you can say there was no government intervention when the

government permits the Fed to print its money as well as set the prime 
banking rates.  Very poor monetary policy is the cause of this massive 
bubble, and in fact if left alone in a laissez-faire situation (something 
not likely to happen) it would correct itself in time.  But the government

will continue to bail out those who chose poorly, both individual and 
institutional.  Blaming this mess on laissez-faire is like blaming your 
child for the way he dresses when you buy him all his clothes.