[Edmund Onward James]

Some recent input on the economy and financial crisis. Johan Norberg of the CATO Institute suggests that there may be too much regulation, now, which orevents progress and could end up worse in the future.

"Capitalism without bankruptcy is like Christianity without hell -- it loses its ability to motivate humans to be prudent or respect their fears.

There is a broad concensus that the way was paved for this financial crisis by record-low interest rates, huge deficits and large scale credit-financial consumption. Today, governments around the world are trying to solve the crisis -- by means of low interest rates, huge deficits and large-scale credit-financed consumption." Johan Norberg, writer of "Financial Fiasco: How America's Infatuations with Homeownership and Easy Money Created the Economic Crisis".

"Politicians are masters of the flim-flam art of taking credit for achievements they are utterly not responsible for -- and denying responsibility for all the disasters and failures they help create." Terence Corcoran, Editor, Financial Post Magazine.

[marklar]

[Edmund Onward James]

Good point maklar, you ought to email Johan Norberg, though it was a metaphorical example. But you are right, once in hell I presume one stays there.

[Popular Capitalist]

[FF_Canuck]