- Joined
- Aug 30, 2007
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- 13,879
This article by the Fraser Institute basically sums up my view on governments bailing out the car industry, financial industry, and new in 1Q 2009, the retail industry .. What is yours ?
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Many believe that deregulation and Wall Street greed are at the root of the financial crisis and that governments must now step in to clean up the mess. The reality, however, is much different. It wasn’t greed or deregulation that fuelled the crisis; the main culprits were lax monetary policy and poor government policy attempting to increase home ownership amongst those least able to afford a home.
Read on: http://www.fraserinstitute.org/Commerce.We...ncialCrisis.pdf
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Many believe that deregulation and Wall Street greed are at the root of the financial crisis and that governments must now step in to clean up the mess. The reality, however, is much different. It wasn’t greed or deregulation that fuelled the crisis; the main culprits were lax monetary policy and poor government policy attempting to increase home ownership amongst those least able to afford a home.
Read on: http://www.fraserinstitute.org/Commerce.We...ncialCrisis.pdf