Quote:
Originally Posted by Botnst
Why does the Federal reserve get into deciding what company fails and what to do about it? This is ****** stupid. Kill the freaking Fed Reserve. let companies rise and fall on their own merits, not some damned bureaucrat's prognostications.
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Yes and No.
I just started reading: Manias, Panics, and Crashes.
The point that was made in this book is that markets generally
work, but occasionally they break down and require government
intervention for the public good of stability.
The downside is that if the government steps in too often the
market is more likely to take bad risks, and need more Gov help.
Positive feedback.