Kevin B. O'Brien <[EMAIL PROTECTED]>
>In 1933 passim regulations were enacted
> to prevent the problems that started the Great Depression.
And what was a stock market correction turned into a 10 year disaster
as a result of misguided government policy.
> but the first major banking problem, the S&L crisis, happened as
> a result.
As a result of misguided government regulations.
> With a few years lag to let the good stuff happen, we
> then had the worst financial collapse since the Great Depression.
Government screwed that one up too.
> looks to me like a lack of government interference can cause serious
> damage to financial markets.
Too bad we don't actually have a period with lack of government
interference so that you could see how misplaced your faith is in
your political gods.
> Rand's chief disciple, Alan Greenspan, who recently admitted that his
> libertarian theories did not work out nearly as well in the real world
> as they had in his theories.
Greenspan was part of the problem, a government regulator who made
the usual mistakes.
> and that if the Republicans would just be more ideologically
> rigid they would triumph again! I encourage this thinking in Republicans
You do?
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