Government intervention of free market economy
By kingparker
@kingparker (9673)
United States
June 20, 2010 11:46am CST
From principle, a free market economy shouldn't be intervened by the government. Its existence is totally depend on the market of supply and demand. During the interval of 2006 - 2007, our economy is closed to the brink of crash, due to the mismanagement of subprime mortgage crisis. With our government intervention, the Fed reserve injected billions and billions of dollars to help the bank and financial institutions to keep it float. Some people say, it only prolong the underlying problems we are having now, why not let it be. What do you think?
1 response
@wiggles18 (2506)
• Canada
20 Jun 10
I agree that we should have a non-government intervened free market. If someone wants to buy something for 25% of the price across the globe, and bring it back without having to pay customs, they should be able to do it! Why should we have to pay double for the very same item in our own country, where the business just gets the item from where we would get it anyway?! It is a very crooked system, full of corruption that will soon go up and over our heads. We are slowly being drowned by the leaders of this world, and I for one have had enough of it!
@kingparker (9673)
• United States
20 Jun 10
I don't know about whether we should charge the customs or not. But I am talking about domestically, our situation with the recession. I just don't know whether the government done a right thing for us or not.
@wiggles18 (2506)
• Canada
20 Jun 10
Oh that is very simple then. As long as there is money, there will always be debt. There cannot be one without the other. Pair this with profit and interest, and the whole thing speeds up and becomes one big problem, where debt transfers back and forth. It will always be this way, money should not exist.
