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Indeed. But it would only work if the government were also prevented from incurring huge unfunded liabilities for entitlement programs.
That's what I'm saying.
Just saying...
Anyone consider had we just left these big corporations alone, fail and then eventually recover, instead of propping them up... That we may have been way better off?
We will never know. I think very few people would want to see a boom or bust economy which is characteristic of unregulated capitalism. Allowing all the inefficient, marginally profitable, poorly managed enterprises large and small to fail would eventually result in a more productive and more competitive business environment, but there would be a heavy price to pay. Some would argue that such a government policy would lead to the greatest depression the country has ever seen. Others would disagree. However, no administration would be willing to take the risk of doing nothing.Just saying...
Anyone consider had we just left these big corporations alone, fail and then eventually recover, instead of propping them up... That we may have been way better off?
Indeed. But it would only work if the government were also prevented from incurring huge unfunded liabilities for entitlement programs.
That's what I'm saying.
That wasn't what your OP conveyed. Entitlements for individuals as well as bailouts for corporations need to be eliminated.
Anyone Remember Laissez Faire???
Just saying...
Anyone consider had we just left these big corporations alone, fail and then eventually recover, instead of propping them up... That we may have been way better off?
90 years. It used to be done in the 1920's when Harding/Coolidge slashed the federal budget by 50% and we were saved from the depression of 1920 and came roaring back in 1921 after a short year long hiccup.
90 years. It used to be done in the 1920's when Harding/Coolidge slashed the federal budget by 50% and we were saved from the depression of 1920 and came roaring back in 1921 after a short year long hiccup.
I'm up for doing that again.
The problem is with Laissez Faire... is that companies tend to ignore consumer protection, safe labor practices and other safety rails in the economy quickly, so I'm leary about letting them cut totally loose.
Just saying...
Anyone consider had we just left these big corporations alone, fail and then eventually recover, instead of propping them up... That we may have been way better off?
Just saying...
Anyone consider had we just left these big corporations alone, fail and then eventually recover, instead of propping them up... That we may have been way better off?