Quote:
Originally Posted by jeffpv
For staunch libertarians in the audience: Alan Greenspan himself eventually admitted that markets needed government regulation (only after the wholesale collapse of the financial edifice, of course).
With that in mind, how do we measure how much government regulation is "too much"? How do you define "too much regulation" in the financial markets?
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Greenspan, the banker...lol. Of course Greenspan didn't want others to regulate HIM.
Here is what Thomas Jefferson said about banks, and specifically about central banks.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
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