
Train System

Moderators: Moderators, Junior Moderators
You believe that continuing to tax at current rates what remains of the productive economy, in order to fund make-work projects to prop up the status quo is a good economic strategy?gurey25 wrote:they are good for the real economy the physical economy, and it leaves tangible assets.
I would see this 'culture' liquidated and the moronic management thrown out of work, as it would and should in a free market. This culture, brought to you by voodoo economic beliefs like; bureacrats can anticipate the market, money can be centrally planned from the Federal Reserve, that credit-unworthy borrowers have an entitlement to a loan courtesy of the Community Reinvestment Act, is too valuable to the politicians and the bureacrats to just be liquidated.gurey25 wrote:what do u prefer the ? for the casino culture to continue as it is?
If you consider reasoned, logical argument to be 'indoctrination', then I've been indoctrinated by the economic thought of the Austrian School. Thankfully, I've not actually had formal economic teaching, otherwise I'd be telling you about the glories of monetary socialism myself.Voltage wrote:You have been indoctrined by an ultra liberal free market economist teacher and you are now the walking talking robot.
Clearly, they were more prudent about their lending standards, investment criteria and kept a close eye on their balance sheets.Voltage wrote:Out of all the Western world, only the Canadian banks are standing tall.
Do the words laissez faire have any meaning any more? How in God's name does America, qualify as a place that turned 'Economic non-Interventionism' into a religion? Just because a Republican congress repealed one act (Glass-Steagall), it does not follow that they adopted a laissez faire attitude, let alone laissez faire economics!Voltage wrote:Because the Canadians never accepted the laisez faire attitude adopted by the Americans and made into a religion by the Europeans.
Government regulation is the key, but it failed, even in heavily regulated economies like Japan, Germany and France, and this is a good indication? If we were talking about the market here, we'd be hearing a chorus of 'market failure!'Voltage wrote:government regulation is key and if this was not already proven the Canadians proved it!