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HLS.
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February 7, 2009 at 5:56 PM #343193February 7, 2009 at 5:58 PM #342639
SD Realtor
ParticipantGandalf you may want to read “The Forgotten Man”. Pretty good book about the depression and the influence the federal government had on it.
February 7, 2009 at 5:58 PM #342962ParticipantGandalf you may want to read “The Forgotten Man”. Pretty good book about the depression and the influence the federal government had on it.
February 7, 2009 at 5:58 PM #343072ParticipantGandalf you may want to read “The Forgotten Man”. Pretty good book about the depression and the influence the federal government had on it.
February 7, 2009 at 5:58 PM #343099ParticipantGandalf you may want to read “The Forgotten Man”. Pretty good book about the depression and the influence the federal government had on it.
February 7, 2009 at 5:58 PM #343198ParticipantGandalf you may want to read “The Forgotten Man”. Pretty good book about the depression and the influence the federal government had on it.
February 7, 2009 at 6:20 PM #342644gandalf
ParticipantA “New History of the Great Depression” written by a former member of the WSJ editorial board. Just so we know where that ‘comes from’…
In light of the massive frauds perpetrated on our economy this past decade… In light of the recklessly irresponsible leveraging and systemic failures occurring in the banking and financial industry…
In light of the present imbalances in real estate, home-building, underwater mortgages, liar loans and fake appraisals, accelerating foreclosures with resets to come, mounting job losses, etc.
Are you suggesting we should have had less government regulation?
Government is not the problem.
Incompetent government is the problem.
Maybe I’m misreading HLS’ comments, but these ‘Government needs to get out of the way’ types have really hurt us.
Bad government needs to get out of the way.
February 7, 2009 at 6:20 PM #342968ParticipantA “New History of the Great Depression” written by a former member of the WSJ editorial board. Just so we know where that ‘comes from’…
In light of the massive frauds perpetrated on our economy this past decade… In light of the recklessly irresponsible leveraging and systemic failures occurring in the banking and financial industry…
In light of the present imbalances in real estate, home-building, underwater mortgages, liar loans and fake appraisals, accelerating foreclosures with resets to come, mounting job losses, etc.
Are you suggesting we should have had less government regulation?
Government is not the problem.
Incompetent government is the problem.
Maybe I’m misreading HLS’ comments, but these ‘Government needs to get out of the way’ types have really hurt us.
Bad government needs to get out of the way.
February 7, 2009 at 6:20 PM #343077ParticipantA “New History of the Great Depression” written by a former member of the WSJ editorial board. Just so we know where that ‘comes from’…
In light of the massive frauds perpetrated on our economy this past decade… In light of the recklessly irresponsible leveraging and systemic failures occurring in the banking and financial industry…
In light of the present imbalances in real estate, home-building, underwater mortgages, liar loans and fake appraisals, accelerating foreclosures with resets to come, mounting job losses, etc.
Are you suggesting we should have had less government regulation?
Government is not the problem.
Incompetent government is the problem.
Maybe I’m misreading HLS’ comments, but these ‘Government needs to get out of the way’ types have really hurt us.
Bad government needs to get out of the way.
February 7, 2009 at 6:20 PM #343106ParticipantA “New History of the Great Depression” written by a former member of the WSJ editorial board. Just so we know where that ‘comes from’…
In light of the massive frauds perpetrated on our economy this past decade… In light of the recklessly irresponsible leveraging and systemic failures occurring in the banking and financial industry…
In light of the present imbalances in real estate, home-building, underwater mortgages, liar loans and fake appraisals, accelerating foreclosures with resets to come, mounting job losses, etc.
Are you suggesting we should have had less government regulation?
Government is not the problem.
Incompetent government is the problem.
Maybe I’m misreading HLS’ comments, but these ‘Government needs to get out of the way’ types have really hurt us.
Bad government needs to get out of the way.
February 7, 2009 at 6:20 PM #343203ParticipantA “New History of the Great Depression” written by a former member of the WSJ editorial board. Just so we know where that ‘comes from’…
In light of the massive frauds perpetrated on our economy this past decade… In light of the recklessly irresponsible leveraging and systemic failures occurring in the banking and financial industry…
In light of the present imbalances in real estate, home-building, underwater mortgages, liar loans and fake appraisals, accelerating foreclosures with resets to come, mounting job losses, etc.
Are you suggesting we should have had less government regulation?
Government is not the problem.
Incompetent government is the problem.
Maybe I’m misreading HLS’ comments, but these ‘Government needs to get out of the way’ types have really hurt us.
Bad government needs to get out of the way.
February 7, 2009 at 6:36 PM #342649ParticipantBTW, I’m not suggesting the effects of government are always good. Clearly, they’re not. Greenspan and the Fed played quite an important role in the present circumstance.
However, asserting all government involvement is bad is equally idiotic. Government absolutely has a valuable role in regulating market conditions. In an ideal world, there’s counter-cyclical fiscal stimulus to offset business cycle contractions (accompanied by cutbacks when times are good).
Most of us believe there is a middle-ground role for government based in effective pragmatism that curbs inherent problems associated with markets and mitigates the likelihood of situations such as what we face right now.
Imagine a banking industry with conservative ‘rules’? Imagine that. This is actually consistent with what HLS is saying, BTW. Except that it REQUIRES government laws and regulations to enforce. You cannot depend on the market to regulate itself. That much should be evident.
Also, I find it hard to make room for a WSJ editor’s ‘revisionist history’ of the Great Depression given 80 years of ‘mainstream history’ written by people who actually lived through it, and especially in light of current circumstances. The similarities between the 1920’s and the first decade of this century speak otherwise.
February 7, 2009 at 6:36 PM #342973ParticipantBTW, I’m not suggesting the effects of government are always good. Clearly, they’re not. Greenspan and the Fed played quite an important role in the present circumstance.
However, asserting all government involvement is bad is equally idiotic. Government absolutely has a valuable role in regulating market conditions. In an ideal world, there’s counter-cyclical fiscal stimulus to offset business cycle contractions (accompanied by cutbacks when times are good).
Most of us believe there is a middle-ground role for government based in effective pragmatism that curbs inherent problems associated with markets and mitigates the likelihood of situations such as what we face right now.
Imagine a banking industry with conservative ‘rules’? Imagine that. This is actually consistent with what HLS is saying, BTW. Except that it REQUIRES government laws and regulations to enforce. You cannot depend on the market to regulate itself. That much should be evident.
Also, I find it hard to make room for a WSJ editor’s ‘revisionist history’ of the Great Depression given 80 years of ‘mainstream history’ written by people who actually lived through it, and especially in light of current circumstances. The similarities between the 1920’s and the first decade of this century speak otherwise.
February 7, 2009 at 6:36 PM #343082ParticipantBTW, I’m not suggesting the effects of government are always good. Clearly, they’re not. Greenspan and the Fed played quite an important role in the present circumstance.
However, asserting all government involvement is bad is equally idiotic. Government absolutely has a valuable role in regulating market conditions. In an ideal world, there’s counter-cyclical fiscal stimulus to offset business cycle contractions (accompanied by cutbacks when times are good).
Most of us believe there is a middle-ground role for government based in effective pragmatism that curbs inherent problems associated with markets and mitigates the likelihood of situations such as what we face right now.
Imagine a banking industry with conservative ‘rules’? Imagine that. This is actually consistent with what HLS is saying, BTW. Except that it REQUIRES government laws and regulations to enforce. You cannot depend on the market to regulate itself. That much should be evident.
Also, I find it hard to make room for a WSJ editor’s ‘revisionist history’ of the Great Depression given 80 years of ‘mainstream history’ written by people who actually lived through it, and especially in light of current circumstances. The similarities between the 1920’s and the first decade of this century speak otherwise.
February 7, 2009 at 6:36 PM #343111ParticipantBTW, I’m not suggesting the effects of government are always good. Clearly, they’re not. Greenspan and the Fed played quite an important role in the present circumstance.
However, asserting all government involvement is bad is equally idiotic. Government absolutely has a valuable role in regulating market conditions. In an ideal world, there’s counter-cyclical fiscal stimulus to offset business cycle contractions (accompanied by cutbacks when times are good).
Most of us believe there is a middle-ground role for government based in effective pragmatism that curbs inherent problems associated with markets and mitigates the likelihood of situations such as what we face right now.
Imagine a banking industry with conservative ‘rules’? Imagine that. This is actually consistent with what HLS is saying, BTW. Except that it REQUIRES government laws and regulations to enforce. You cannot depend on the market to regulate itself. That much should be evident.
Also, I find it hard to make room for a WSJ editor’s ‘revisionist history’ of the Great Depression given 80 years of ‘mainstream history’ written by people who actually lived through it, and especially in light of current circumstances. The similarities between the 1920’s and the first decade of this century speak otherwise.
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