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Post by rmarks1 on Jan 16, 2014 11:37:09 GMT -5
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Post by Deleted on Feb 7, 2014 3:12:32 GMT -5
I've been talking about China being a bubble economy way back on the old fora. Looks like I wasn't the only one who noticed.  |
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Post by rmarks1 on Feb 7, 2014 11:56:36 GMT -5
I've been talking about China being a bubble economy way back on the old fora. Looks like I wasn't the only one who noticed. Yes. It's a bubble economy because of bad government policies. Had they gone further with free market reforms, this wouldn't have happened. Bob |
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Post by Deleted on Feb 8, 2014 22:03:27 GMT -5
You mean those free market reforms where the government denies people the right to unionize and shoots them when they get uppity? I think they implemented them quite well!
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Post by Deleted on Feb 8, 2014 23:17:56 GMT -5
But seriously, can you name any "free market reforms" that would have prevented that bubble?
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Post by rmarks1 on Feb 9, 2014 13:27:42 GMT -5
You mean those free market reforms where the government denies people the right to unionize and shoots them when they get uppity? I think they implemented them quite well! I didn't see anything in the media about that. Do you have a link? Bob |
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Post by rmarks1 on Feb 9, 2014 13:33:58 GMT -5
But seriously, can you name any "free market reforms" that would have prevented that bubble? Sure. The government shouldn't have pressured the banks to lower the traditional 20% down on home mortgages to 5%. This government policy enabled people to buy houses that were beyond their means. The government also should not have removed the requirement that income claims on mortgage applications had to be verified. That government policy opened the door to massive fraud. And the Federal Reserve should not have kept interest rates abnormally low for so long. All of these government actions fueled the massive housing bubble of the last decade. Keeping the government from interfering in the free market would have prevented the bubble. Bob |
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