tag:blogger.com,1999:blog-5776375569387669394.post917010497440398205..comments2023-10-19T10:43:38.825-04:00Comments on Free Advice: John Cassidy Fails in His Critique of MarketsBob Murphyhttp://www.blogger.com/profile/04001108408649311528noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5776375569387669394.post-30249327490569453452009-12-30T02:54:20.091-05:002009-12-30T02:54:20.091-05:00gucci man shoes 29
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discount ...<a href="http://www.gucciworlds.com/gucci-mens-shoes-c-1.html" rel="nofollow">gucci man shoes</a> 29<br /><a href="http://www.gucciworlds.com" rel="nofollow">cheap gucci shoes</a> 29<br /><a href="http://www.gucciworlds.com" rel="nofollow">discount gucci shoes</a>19Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5776375569387669394.post-75984652282287968032009-12-28T23:34:34.288-05:002009-12-28T23:34:34.288-05:00The other half of the argument blaming free market...The other half of the argument blaming free markets is always that it was the reult of "deregulation" which, in reality, never happened. The actions of Fannie Mae, Freddie Mac were, of course, proactive regulatory action; the reinvigoration of the CRA was of a similar vein (albeit very limited in direct impact); and changing of tax laws with regard to real estate only facilitated where the Fed-created bubble manifested itself.<br /><br />What remains is the fact that none of the instruments that became more attractive to investors as the Fed radically altered risk pricing signals (mortgage backed securities, credit default swaps, derivatives) were at any time deregulated from the period when unaltered (or rather less distorted) market conditions worked just fine in preventing them from getting out of hand. And the only deregulation of note that did occur (the removal of Glass-Steagal barriers between banking and insurance - similar to the ones between banking and S&Ls that caused the S&L crisis) had nothing whatsoever to do with the crisis itself.<br /><br />I know. I'm preaching to the choir, but the argument rarely stops at the failure of free markets and always culminates in a demnad for less deregulation/more intervention.FletchforFreedomnoreply@blogger.comtag:blogger.com,1999:blog-5776375569387669394.post-89484981593082325112009-12-28T12:47:06.502-05:002009-12-28T12:47:06.502-05:00Bob,
You ought to offer a critical response to th...Bob,<br /><br />You ought to offer a critical response to the NPR piece by refuting it on air.Mike in Alaskahttps://www.blogger.com/profile/07138597511503404254noreply@blogger.com