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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?
It sounds like you're assuming ALL Libertarians are on the Right. We're not!!!!!
Friedman himself said he was a small l libertarian and a capital R Republican.
But he was against wars and drug laws. He's wasn't your typical neocon. The only thing that deviates him from the libertarians of today is that he was against the gold standard. Austrian economics is only a small branch of libertarian thought.
But he was against wars and drug laws. He's wasn't your typical neocon. The only thing that deviates him from the libertarians of today is that he was against the gold standard. Austrian economics is only a small branch of libertarian thought.
how would you know?
anyway another good strawman dude.
Interesting point. Am I mistaken in thinking that all Libertarians are against government intervention in the markets?
I would say many Libertarians are against government intervention in markets. I don't think government can adequately and effectively regulate much of anything, but I also don't believe there is any such thing as a "free market". "Free markets" are rigged and manipulated by the "money changers" and government. I'm still not sure what the solution is, tho.
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