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This seems to be the prevailing ideology, that all would be solved if only we could achieve perfectly free markets, stripped of regulation, politics and governm
by panarky 12y ago
This seems to be the prevailing ideology, that all would be solved if only we could achieve perfectly free markets, stripped of regulation, politics and government influence.
This is a thought-terminating cliché[1] that either ends rational argument or results in an evidence-free opinion war.
Naturally, ideology trumped argument here again, as a thread about inequality gets hijacked by utopian economic balderdash.
[1] https://en.wikipedia.org/wiki/Thought_Reform_and_the_Psychology_of_Totalism https://en.wikipedia.org/wiki/Thought_Reform_and_the_Psychol...
- carsongross 12y agoYou are projecting: I don't think we need perfectly free markets. I do think, however, that the Fed is the primary engine of economic inequality and malinvestment, via a fairly straight forward mechanism: early receivership of newly created money and allowing "too big to fail" banks to keep upside while the public pays for the downside.