- Thread starter
- #81
Well yes actually. Because the booms went on for longer and produced more prosperity than the busts did the opposite.We had endless cycles of boom and bust. You're going to point to only the booms as the great triumph of capitalism?If it didnt exist in 1929 then it wasnt relaxed then.Glass-Steagal was the biggie. It didn't exist in 1929 and it had been done away with not long before 2008.You made a very general statement: 'Capitalism made this country what it is. Regulation is destroying it.' 1929 and 2008 were perfect examples of what happens when regulation is lax. It's as sequitur as it gets.It was a non sequitur. What about that do not get? It's like saying the moon landing program was a failure because of Apollo 1.
What "regulations" were relaxed in 28 and 08?
Never mind, you're going to get it totally wrong
It didnt exist in 1925 either, when the economy was boomng. Nor did it exist in 2005 when the economy was booming.
What was the point of that comment again?
Or do you think GDP is the same now as it was in 1930?