Friday, September 20, 2013

Throwing Ourselves Lead Life Preservers

Via Yahoo Finance: Americans Sacrificing Freedom To Avoid Another Meltdown
No matter what you hear to the contrary greed didn't create the housing bubble. People are always greedy and anyone suggesting otherwise is selling you something. What unleashed the worst of our greedy instincts was a series of horrifically ill-conceived regulations crafted by buffoons on both sides of the political aisle. Through the power of misguided regulations elected officials created a system that violated the basic laws of economics. The result was a systemic promotion of our most base greed instincts at the expense of collective common sense.
What's fascinating is that our collective response to the meltdown has been to cede basic liberties to the same group of elected officials in an effort protect us from letting a similar crisis from happen again. Predictably, the politicians are using the opportunity to wrest even more power from Main Street.

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