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I, Market Economy

Brad493 Wrote: Sep 08, 2010 2:55 PM

When the Financial Industry become such a large portion of the overall economy you no longer have a market economy. There is so much money and trading going on in the financial markets it become inefficient. Look at all the recent bubbles. It's money chasing money in very inefficient methods. Was the 5,000 Nasdaq in 2000 or 150 oil a few years ago efficient markets or the CDO or home markets efficient. too much manipulation going on for efficient markets, that's when we have to do something about it.

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MoreFreedom Wrote: Sep 08, 2010 5:11 PM

when the financial industry got into bed with government, it created distortions in the free enterprise economy. That's what has led to bubbles. There are over 100 government agencies "regulating" the financial industry - like the SEC which was supposed to stop guys like Madoff (which they failed to do, even when informed of his too good to be true results). Nothing regulates better than the free market - if you don't produce value, you lose your job.

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I, Market Economy

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