Of course it has happened again, there was a revertion to the mean in the economy as there should be, and of course the socialists have started crying that the free markets are to blame. This is how any sort of communist based party has ever risen to power in an actual free election. Now, we all know that communists and socialists have no problem with rigging elections and murdering their way to the top, but we’re going to pretend those don’t exists right now.
For decades now we have been hearing the same rhetoric from the left about how the free market doesn’t work, because it makes winners and losers. However, with this socialism based market democrats try to implement, we’re all losers.
The lastest mortgage crisis is the best example of failed government regulation of the economy (as all regulation of the economy is). During the Carter administration, they tried to put people into houses they simply could not afford. And, in 1995 during the Clinton administration, they tried even harder. They put out these laws and government agencies to force loan institutions give subprime loans, causing an artificial rise in house prices, leading to more unaffordable loans and a bubble that would have to burst. All because of government regulation of the market. So, what is going to be their answer? More government intervention. I’m pretty sure the definition of stupidity is doing the same thing over and over again and expecting a different result every time.
Here’s a wonderful video via Laura Elizabeth about the mortgage sitution and the factors that lead to it.
And, yes, I noticed the spelling of braking, it’s intentional.
