@Blackking
^Great post.
The entire debate over regulation is misconstrued. It is not the market, an efficient social institution, which is regulated. What is regulated is the behavior of people in markets. If you want good results from markets, good regulation of human behavior is a requirement.
The market is like a computer. Garbage in, garbage out.
If people who use markets are not regulated, they issue fraudulent financial instruments. They leverage assets with absurd amounts of debt. They market their instruments with fraudulent investment grade ratings. They deal themselves aces.
The fundamental difference is libertarians dont want preemptive regulation. If some one frauds or cheats, prosecute them for it, what is being called for by the left is regulation to prevent the fraud from happening... not really that far apart tbh.
No one is saying free markets are perfect(I apologize if anyone got that idea), what is being said, is that free markets are vastly superior towhat we have now.
on a side note we should all love wal-mart
^Great post.
The entire debate over regulation is misconstrued. It is not the market, an efficient social institution, which is regulated. What is regulated is the behavior of people in markets. If you want good results from markets, good regulation of human behavior is a requirement.
The market is like a computer. Garbage in, garbage out.
If people who use markets are not regulated, they issue fraudulent financial instruments. They leverage assets with absurd amounts of debt. They market their instruments with fraudulent investment grade ratings. They deal themselves aces.
The fundamental difference is libertarians dont want preemptive regulation. If some one frauds or cheats, prosecute them for it, what is being called for by the left is regulation to prevent the fraud from happening... not really that far apart tbh.
No one is saying free markets are perfect(I apologize if anyone got that idea), what is being said, is that free markets are vastly superior towhat we have now.
on a side note we should all love wal-mart
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