Quote:
Originally Posted by farinaccio
I agree that I wish somebody was regulating and enforcing here. I feel the same way about Wall Street. My point though is you have to expect taxes if you want regulation, police, and armies. Do we spend tax money well all the time? No. We still need taxes though.
Taxes and government are evil -- conservatives tell us this so it must be so.
As for Wall Street, the markets are rational and hyper efficient. Alan Greenspan assures us that no regulation is needed because ivy league educated money men would never run a ponzi scheme on us.
Well, Alan was half right. Markets are efficient. It is just that unregulated markets are efficient at running scams because in an unregulated market, scams give the best returns. Oops, sorry for the trillions of dollar mistake.
