See my previous post. That's really akin to saying, since our population is so much more massive than it is now, the bill of rights is a threat! We should do away with the freedom to assemble! The government could control a few million people in the 1800s, but 300 million people?! That's uncontrollable, and we need more complex laws from keeping the huge population from erupting in chaos!
Is it?
No, reality and economics tells us that the problems are coming from the unintended consequences of these various regulations and institutions that were established.
ACtually I can agree with the above. Unintended consequences is almost the definition of economics.
Economics is not a matter of faith, it's a science. Just as gravity forces objects to fall at 9.8 m/s^2, the promise of a bailout, through the Federal Reserve and FDIC, causes banks to act way more recklessly than they would normally.
Economics is a science?
Well, I can now see that you know absolutely nothing about the relationship between economics and society.
Consider that if economics was even remotely like physics there'd be NO MARKET.
Do you understand why that is true?
You don't have a clue what the hell I'm even talking about, do you?
I know you cannot, if you honestly believe that the laws of economics are like the laws of physics.
Do you own any land?
How do you know you own it?
What prevents me from saying I own it?
Show usthe mathematical formula which gave that land to you and not to me, and show us ALL the economic laws (which are just like physical laws, now, according to you) that prevents me or anyone else from taking possession of it, would you?
Take you time, now and show us all your work.
We'll wait....forever if need be, until you can show us which of those fixed economics laws give you possession of that land as opposed to everyone else.
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