Poll: The "R" Word

[ladymoreta]

An interesting article a friend posted on Facebook: The Myth that Laissez Faire Is Responsible for Our Present Crisis. I don't know anything about this site or the administrators, so take it for what you will. It's a long article, but it brings up a lot of points that I have a hard time disagreeing with.

The meat of the article is "the actual responsibility for our financial crisis lies precisely with massive government intervention". So, time to point fingers... Do you think the recession is caused by individual consumers, greedy investors/lenders, bad government policy/regulations, campaign contributions by financial corporations, all of the above, or something else altogether? What could have been done to prevent this? More importantly, what should be done to fix it?

Re: Poll: The "R" Word

I hear many think the whole stability of the economy was unstable when the US no longer was backed by the Gold Standard.

To me the FED clearly was not mandated enough, Greenspan said he was wrong, why should one man be held acountable to so much.

Government dropped the ball, everyone else followed suit. People don't judge their actions well by themselves when looked at a group as a whole... so monkey see, monkey do.