earnings imply knowledge and volition. None present here. Not even the best economists saw it coming, let alone the auto parts store in Peoria. So why let a depression happen when you can prevent it and lay ground work for better safer future. What you proposed is insanity depression and the end of capitalism!!
Actually you propose the end of capitalism by proposing government control of money and banking (i.e. socialism).
Thinking your home was a perpetual ATM to finance luxuries and retire rich makes you a dumbass, worthy of losing everything. The best ones did. You ignored them and called them antiquated. Brooksley Born did. She was ignored and removed. Sticking your head in the sand believing a lie that enriched the finance class is not grounds to get bailed out by the benevolent Nanny.
good hindsight. As I said not even best economists saw it coming so little guy in Peoria did not deserve depression and bankruptcy. 1+1=2
She was a tiny tiny tiny minority who guessed right. Is she a billionaire because she understands so much?No, she just got lucky for a momnet in time.World did not deserve depression when it was easily avoided to save capitalism and incredible misery just so a fool like you can be consistently capitalist.
Basic tenant of capitslism, suffer the consequences of your own risk. Apparently you don't believe in capitalism
if they can prevent a depression it is exactly their job. just as it is your neighbors jobs to prevent your failure if he can, rather than ignore it. Its the Christian way.
The intelligent were ignored by the ones crying for Nanny to save them from their errors. You have no grounds to argue with liberals as you worship big government too.
Oh crap, I'm my neighbors responsibility now. You deserve all the big government you get, as your hand is stretched far out for its welfare, just like the liberals
1) Friedman did not call it socialism 2) who cares if its quaint?????, if you believe in capitalism you save it not let it die for no reason whatsoever 1+1=2
they can be prevented for a reason ie to prevent huge huge misery and to save capitalism. Lunacy to oppose
of course they do if it turned into depression people would demand govt take over to reverse it and never let it happen again. I feel like I"m talking to a child?