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Originally Posted by randolph
Yeah, I would have to go along with most of what Ron Paul has to say about the bail out. However, the so called free market capitalism he refers to is unstable without some regulation. Many of the regulations instituted by FDR worked well for many years until they were diluted or removed during the last thirty years. The lack of restraint allowed the economy of overheat and collapse.
The electronic age has revolutionized financial markets. Trading can be done on a split second basis and computer models can monitor trends instantly. Without controls, the computers could destroy the marker in seconds. The small investor can be wiped out before he can pick up the phone. The old style ideas about a "free" market are obsolete. Like it or not, there needs to be regulation.
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FDR's policies hurt people more than they helped and we are still feeling the effects of it today.
I agree that there needs to be regulations but not like the kind we have now. The gov. should be acting as a referee and setting a fair playing ground, not determining the outcome for everyone.
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[QUOTE=God(from Futurama)]Right and wrong are just words; what matters is what you do... If you do too much, people get dependent on you. And if you do nothing, they lose hope... When you do things right, people won't be sure you've done anything at all.
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