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So the recent banking crisis was really generated by the government?

How about the mortgage crisis? The government again?

What if we go back to the savings and loan scandal?

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ORIGINAL: TreasureKY

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ORIGINAL: tazzygirl

Never mind, I found it [:D]

and my paraphrasing was accurate

Perhaps you could share with us?

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ORIGINAL: Fellow

It has been often argued libertarian type true free market systems do not control monopolies and fraud. Therefore, large governments are necessary to impose controls. In practice, of course, the governments themselves commit and aid massive fraud no free market system would be capable of. I would argue, free market systems have a strong community base, and this itself reduces fraud, while highly centralized systems (like in the US) massive fraud and corruption are natural phenomena. No free market system could generate fraud and corruption in scale it happens today in the US (and actually worldwide).

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ORIGINAL: TreasureKY

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ORIGINAL: tazzygirl

Never mind, I found it [:D]

and my paraphrasing was accurate

Perhaps you could share with us?

quote:

With sound money, fair competition, and the market setting the asset prices and the interest rates this kind of scandals are very unlikely.