Tuesday, November 4, 2008

VOTE SKIBBERTARIAN!!!

VOTE SKIBBERTARIAN!

9 comments:

StevenCX said...

Yeah! We don't need no stinking banking regulation!!

Skibby said...

not the type that we've had that's for sure. Lack of banking regulation didn't cause the problems we're in, rather it's the incentives that the Feds created that helped cause the problem we're in...

Kirk said...

Hmmm, what incentive did the Feds create which led to the 60 trillion dollar CDS market?

Skibby said...

i wasn't specifically referring to the cds market, but even then, would regulation necessarily fix the problem?
http://www.portfolio.com/views/blogs/market-movers/2008/10/19/why-the-cds-market-didnt-fail?tid=true

Skibby said...

another good one
http://mises.org/story/3139

Skibby said...

and this one, in 4 easy steps

http://mises.org/story/3130

Kirk said...

Maybe? The comments section of that article (appear to me) to suggest other possibilities.

Honestly? The entire mess doesn't inspire much confidence in capitalism on a large scale. We're over 70% out of the market at this point....

Kirk said...

Re: last Skibfreeorf-off comment, I thought you we're saying "Feds" as in the Dubya et al, as opposed to the FED.

Yeah, no doubt cheap credit ain't all that great for the savings challegned in 'merica.

Skibby said...

http://austrianeconomists.typepad.com/weblog/2008/10/is-capitalism-d.html