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/liberty/ - Liberty

Non-authoritarian Discussion of Politics, Society, News, and the Human Condition (Fun Allowed)

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Ya'll need Mises.

File: f0d034027465c49⋯.png (405.05 KB,3141x2593,3141:2593,increaseInRegulation.png)

 No.100800

To what extent do you think that the massive uptick and increase in financial regulation before 2008 caused the financial crisis?

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 No.100802

Thomas Sowell wrote a book on this tracing policies back to the 70s. It was something like affirmative action banking where banks were forced to hand out loans to minorities and a bunch of unqualified people.

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 No.100803

In this case, I don't think it completely follows that just because one statement is false (deregulation caused the financial crisis) that the inverse statement (over-regulation caused the financial crisis) is true. Over-regulation–namely, limiting the ratings agency market to only two firms through regulation, the Community Reinvestment Act and similar affirmative action ploys, and the federally backed Fannie Mae and Freddie Mac–may be what caused the collapse to happen within the financial and real estate sectors specifically. However, the root cause of the collapse is the same as it is for every other recession and depression: the Federal Reserve's systematic credit expansion. If you consider bailouts to be a form of regulation, then you can also say that regulations were responsible for the severity of the recession compared to other recessions, as it was the bailouts which allowed the collapse to spread beyond the financial sector into the rest of the economy.

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 No.100804

File: f25fc8c5bc553d2⋯.jpeg (11.76 KB,224x225,224:225,leftypolPostingInLiberty.jpeg)

>>100803

You know what, I'm all for pre-emptively posting with a post that is completely flips around the /leftypol/posts we get on this board all the time even if it is a little wrong. It shows the /leftypol/posts that we know the fucking points they're going to make well in advance: to the point where we're able to make the completely opposite point they're going to make. At the very least, maybe we'll actually hear something original instead of a repost of "le socialist Sweden" thread or "Venezuela is actually capitalist" for the gazillionth time. More importantly, libertarianism actually goes on the goddam rhetorical offensive for once instead of constantly being flooded with defense on every god damn thread on the front page.

But anyways, I think you're spot on. It's the goddam FED.

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 No.100805

>>100804

>You know what, I'm all for pre-emptively posting with a post that is completely flips around the /leftypol/posts we get on this board all the time even if it is a little wrong.

I appreciate the cheekiness as much as you do. It's just my autistic pedantry happens to override my appreciation.

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 No.100806

Capitalism gets crises. That's all there is to it.

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 No.100809

File: d94184d8ec023e7⋯.jpg (10.12 KB,236x193,236:193,1410552354762.jpg)

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