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The main point being made, I think, is that the government's job isn't to choose the winners and losers in the market.
by pgrote 8y ago
The main point being made, I think, is that the government's job isn't to choose the winners and losers in the market.
- magduf 8y agoThere's no way the government can avoid doing that. The job of any regulator is to choose winners and losers, to keep things balanced. The problem is that in this case, the government chose to bail out the giant entities that caused the problem, and totally ignore the individual citizens who were really harmed by it.
- neaden 8y agoBut doesn't the government have a responsibility to help ensure jobs are available to it's citizens? That there is a food supply that is stable and won't collapse with disruptions? That you have the industry to make tanks and planes in the event of a war? Turning everything over to the free market is not a stable solution.
- akoncius 8y agobut in this case government makes sure that there are no losers at least in banking system.