posted on May, 3 2009 @ 10:42 PM
reply to post by Rockpuck
I am glad you are able to recognize that the things done under Reagan did not move us in the right direction, were not good for our economy, and in
fact are what has created our boom and bust cycles.
Still, you talk of a free market, which is what the people who supported Reagan claimed to be creating with de-regulation. The result of
de=regulation has consistently been consolidation of the markets which pushed competition out of the market through crooked practices, and down right
What markets need to improve efficiency is competition, and competition will only exist when an evenly enforced fair set of rules are in place. This
requires enforcement of laws, or in other words, regulations.
Markets don't need growth, they need a steady exchange of goods and services. The only thing growth does is make the wealthy even more wealthy.
Market growth is what creates the invisible tax of inflation.