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Which governmental controls encouraged the chain of over-leverage and defrauded investors? Because, from where I'm sitting, I'm not seeing where the government
by roc 18y ago
Which governmental controls encouraged the chain of over-leverage and defrauded investors?
Because, from where I'm sitting, I'm not seeing where the government encouraged or rewarded self-destructive behavior.
- jam 18y agohttp://www.usgovernmentspending.com/downchart_gs.php?year=1880_2010&view=1&expand=&units=p&fy=fy10&chart=F0-total&stack=1&size=m&title=US%20Government%20Spending%20As%20Percent%20Of%20GDP&state=US&col=c http://www.usgovernmentspending.com/downchart_gs.php?year=18...
- pohl 18y agoRegulation and spending are orthogonal concepts. Your link does nothing to address the question.
- jam 18y agoSpending per GDP is the best actual metric I can come up with for visualizing the "size" or "power" of government in society. There's no 1:1 relationship with regulation, but the two are surely correlated. In Rand's writing, government spending is equally detrimental to society - but you are correct that spending itself was not in question.