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

"Michael Price" <nini_pad@[EMAIL PROTECTED]
> wrote in message 
news:4337892d-1489-404e-bb97-176b606184cf@[EMAIL PROTECTED]
"did the Laissez-faire free market create the perfect storm not seen
since the great depression?"

  No because the financial system is miles away from Laissez-faire
free market.  There's something called the Federal Reserve System.
You might have heard of it.


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The problem is that you have too many people who think Laissez-faire means

total hands off in all matter, no rules, no judicial system, and
unregulated 
monetary policy.  As a result, you have people blaming corruption in 
government, unpunished breaking of cor****ate laws, and ridiculous monetary

supply by the Fed on what they think represents a laissez-faire economy.