I was trying to make a funny with a callbak to another thread.

If enough "people" go bankrupt it could have a tremendous effect on the
economy :D

I wholeheartedly agree with #3. And I would bet that those who compalin most
about the ups and downs are also the ones who would call you a communist if
you tried to show them that we are not a truly "free market"

On Mon, Feb 9, 2009 at 9:29 AM, Gruss Gott <[email protected]> wrote:

>
> > Scott wrote:
> >
> > I love that.  Why is it OK forcomapnies, but not people though?
> >
>
> It's not ok for either, but there's a few underlying, but key, points:
>
> (1.) Companies are supposed to be most sophisticated than "people".
> That's the whole reason hedge funds, for example, aren't regulated.
>
> (2.) If "people" go bankrupt it has no effect on the broader effect on
> the economy.
>
> (3.) It's a super fun notion to think of the US as a "free market" but
> it isn't.  And it isn't for a reason: you.  You're not willing to
> tolerate the effects of a free market and neither are any of your
> neighbors.  In other words, the population as whole prefers regulation
> with fewer peaks and valleys to less regulation with more peaks and
> valleys.
>
> So there you have it: your garage logic made to look for the fool it is.
>
> 

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