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Big difference...People need freedom, or Corporations need freedom. BIG difference. You're mixing people and corporations as if they're one and the same. Countries as if they're one and the same. The big difference is there is the U.S., and the rest of the world. The US wants to protect it citizens, promote business and freedom. The rest of the world....wants to BE the U.S.
Corporations are owned by people. Both people and corporations need freedom. However, it is quite obvious that the only corporations or people who seem to get much freedom in the US, are the big corporations who can lobby the government to create regulations that favor them.
And, am sorry, We don't want to be like you. Most countries try to avoid getting all of the problems in America. If any politician here said that he wanted to adopt US style policies, he would lose his job tomorrow, and I am not in a liberal country.
Interesting. Fannie and Freddie helped crater the housing mortgage market, but now they are its salvation?
I don't get the thought process of some people. Unbelievable how some don't see for themselves how government created this mess and used the GSEs to their advantage. The state lottery is a better gamble.
Really? Where did you get the idea? Those are among the most regulated societies, and mixed economies around. HK may be your best bet, however, it isn't without its limitations.
By living in three of them?
You will not find those insane kind of regulations in Scandinavia. The legal code is not 200,000 pages, but only 3000 pages. No one will be punished for having a lemonade stand, they don't put prostitutes in Prison, In New Zealand it is even legal, you don't get 8 years of prison for importing lobsters from Hondouras, and the government will be happy if you help them unclogging a bridge.
Doesn't mean there are no regulations, but I have stated many times I am in favour of sensible limited regulations.
Interesting. Fannie and Freddie helped crater the housing mortgage market, but now they are its salvation?
Fannie and Freddie played a minor role in the "cratering" of the housing market. The surge of problem loans were nonconforming.
Now, today, post-crash -- Fannie and Freddie serve as the emergency support system for housing market transactions. (and therefore prices). I wouldn't call that "salvation", like you did.
If you want to talk total reform of the financial system, that's one thing -- but just eliminating Fannie and Freddie (without reforming central bank policy and tax policy) is sheer stupidity.
You believe? Don't you mean you think? What information do you have that gives you this opinion? Are you making it up out of thin air?
In terms of your little video, unless you're going to pay me market rate for my time, I'm not watching your little video. If you can't prove it in your own words here, it means nothing.
If you are not planning to watch the video, and will prefer to never listen to anyone who disagrees with you, then don't comment.
If your time is worth so much, why do you waste your time posting this comment? No one cares.
As far as the housing bubble this is incorrect. We regulated the free market and told banks to lend when they otherwise wouldn't.
That might be what Fox News says, but that is not how I describe it. The problem loans were made by the private sector, on its own free will. Nobody twisted their arm, not the CRA, not the GSE's, not the Fed.
Corporations are owned by people. Both people and corporations need freedom. However, it is quite obvious that the only corporations or people who seem to get much freedom in the US, are the big corporations who can lobby the government to create regulations that favor them.
And, am sorry, We don't want to be like you. Most countries try to avoid getting all of the problems in America. If any politician here said that he wanted to adopt US style policies, he would lose his job tomorrow, and I am not in a liberal country.
I come from a nation of lemmings,
Mindless mundanes, herd of sheep, and group think keepers
I run through the station where the political sweepers
Steal my money, make decisions for me, hurt the liberty seekers
And as usual I'm running late
But I can't wait
It's not important anyhow
their policies are not that great
Last year Washington also had the most lawyers per capita in the U.S. compared with the 50 states, with one for every 12 city residents, according to figures from the American Bar Association and the Census Bureau. In New York State the figure was one out of every 123 residents, while in California the ratio was one in 243.
You will not find those insane kind of regulations in Scandinavia. The legal code is not 200,000 pages, but only 3000 pages. No one will be punished for having a lemonade stand, they don't put prostitutes in Prison, In New Zealand it is even legal, you don't get 8 years of prison for importing lobsters from Hondouras, and the government will be happy if you help them unclogging a bridge.
Doesn't mean there are no regulations, but I have stated many times I am in favour of sensible limited regulations.
If you want to discuss social regulations in the USA, sure, I would be on your side. But let us not mix federal regulations with lemonade stands. Having said that, if you've lived in three of them (and so have I... but Germany and England) you should know better. But, we can talk endlessly and get nowhere. How about an example of a study in regulatory differences? This is a case of comparing oil drilling regulations in the USA compared to Norway. First, the link here.
Now, stop counting pages, and start understanding the differences outlined. The key is not non-existent regulations in Norway. In fact, they seem to have better defined approach to regulating.
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