Greenspan's right again

Discussion in 'Economy' started by Dot Com, Sep 13, 2011.

  1. Dot Com
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    Dot Com Nullius in verba Supporting Member

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    First he was right about admitting that it was foolish to believe that markets on Wall St would regulate themselves lol and now he's right about this:

    Greenspan: Tax overhaul should be used to cut debt - Forbes.com
    what ever happened to sacrifice for this "great nation" (Payland- speak)? :( Everybody wants something for free.
     
  2. Brutus
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    Brutus Senior Member

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    why right?? you forgot to say because as a liberal you have no idea. Markets regulate perfectly in the absence of liberal government intervention.


    why??? you forgot to say??? You have no clue!! The objective is to turn the private economy loose, not to feed the liberal government beast that should be cut to lower deficits.
     
  3. Dot Com
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    Dot Com Nullius in verba Supporting Member

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    They regulated themselves perfectly in 2007-8 :doubt: Name one country, not including Somalia, that is 100% capitalism/regulation-free.

    [ame="http://www.youtube.com/watch?v=7QDv4sYwjO0"]http://www.youtube.com/watch?v=7QDv4sYwjO0[/ame]​
     
    Last edited: Sep 15, 2011
  4. Listening
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    Listening Gold Member

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    While I am not a fan of Wall Street, I am not sure how they didn't regulate themselves. They made bad choices and were going to pay a steep price.

    The bummer is that we decided to bail them out.

    What is the claim about being regulation free ? I am not sure I get the connections.
     
  5. expat_panama
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    expat_panama Silver Member

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    ---and name one country, not including Somalia, that is 100% market-free. Back on the Planet Earth we accept the fact that human beings create markets and governments that can't exist without each other, and the adult question here is how much gov't do we want?

    Greenspan supposedly says we need more taxes, at least according to Forbes. Greenspan's wrong a lot, and Forbes is wrong about what people say a lot. I know that if I pay more taxes then I'll lay off more workers. I'll still be ok, but is that what really what you want?
     

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