PolicyMic

David Shellenberger Peter, the OWS folk seek more regulation of Wall Street, not recognizing that the industry benefits from a "regulatory moat," and that it normally gets the regulation it wants. I favor an end to government regulation, subsidies, and mandate...

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David Shellenberger Tony, to recognize that there is such a thing as human nature is not to judge. It is to face reality. The Founders were aware of this, and therefore sought a government with limited power. When you complain that people were "bent on self aggr...

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David Shellenberger Tony, human nature is unlikely to change, and people will continue to pursue self-interest and respond to incentives. This is healthy in the private sector, and an inherent problem with government. The problem is not the people in charge; it is the s...

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David Shellenberger Tony, the Fed is not independent. It is a creature of the federal government, and serves the government. See "Economists’ Pro-Fed Petition Discredits Its Signers," by Robert Higgs, http://bit.ly/p1vggs. It is an instrument of financing go...

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David Shellenberger George, by "greed," I assume you mean self-interest. This is channeled productively through voluntary transactions and associations, and unfairly through force (which is how government acts). Elections have little effect on how government o...

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David Shellenberger Chris, I agree that government should not be participating in the market. It's currently in the money business (via the Fed), the insurance business (FDIC and FHA), the mortgage business (Fannie and Freddie), and the regulation business (FED, FD...

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David Shellenberger Chris, I agree that government should not be participating in the market. It's currently in the money business (via the Fed), the insurance business (FDIC and FHA), the mortgage business (Fannie and Freddie), and the regulation business (FED, FD...

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David Shellenberger George, it sounds as though you think government should determine which financial transactions should be allowed. I'd suggest that the parties that enter into transactions have the best means of determining their merits. To say that the GSEs ...

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David Shellenberger Peter, government will almost always favor itself and special interests. This is one reason to disentangle it from Wall Street, as well as all other industries.

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David Shellenberger Dr. Palmer has this right. The problem is not Wall Street, but rather government. The Fed mismanaged the money supply, creating low and even negative (real) interest rates. This, combined with mandates and subsidies, led to a housing bubble. The ...

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• 7 months ago

David Shellenberger Dr. Palmer has this right. The problem is not Wall Street, but rather government. The Fed mismanaged the money supply, creating low and even negative (real) interest rates. This, combined with mandates and subsidies, led to a housing bubble. The ...

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• 7 months ago