Views of Libertarians (problems, world, work, tax)

[2nd trick op]

Any "foolproof" regulation (supposedly created for our protection) is guaranteed to give rise to a new-and-improved set of fools to challenge and violate it.

[pknopp]

Originally Posted by 2nd trick op

Any "foolproof" regulation (supposedly created for our protection) is guaranteed to give rise to a new-and-improved set of fools to challenge and violate it.

Especially when the previous regulations are not enforced.

[whogo]

The true purpose of many regulations touted to protect the consumer is to impose barriers to entry to protect existing corporations.

[lifeexplorer]

Originally Posted by pknopp

There we go, we both agree they would lend to higher risk applicants. Greed leads to doing stupid things.

They would lend to high risk applicants because they would jack up the interest rate! It’s to mitigate the risk.

No sane bankers, stupid or not, would lend to a subprime applicant at the the same rate for a person with good credit.

My argument still stands - without the regulations, the banks would not take the risks and the whole 2008 crisis would not have happened.

[pknopp]

Originally Posted by whogo

The true purpose of many regulations touted to protect the consumer is to impose barriers to entry to protect existing corporations.

This was proven out with Dodd/Frank.

[pknopp]

Originally Posted by lifeexplorer

They would lend to high risk applicants because they would jack up the interest rate! It’s to mitigate the risk.

Your argument was that a bank would not lend to a high risk applicant without the governments prodding. That argument has been dismissed. Quit trying to justify your statement by changing it.

[lifeexplorer]

Originally Posted by pknopp

Your argument was that a bank would not lend to a high risk applicant without the governments prodding. That argument has been dismissed. Quit trying to justify your statement by changing it.

Cathy Newman, is that you?

[brownbagg]

libertarian are good people, they want to help others but not at the cost of the government paying for it

[r small]

Trying to pin down exactly what Libertarians stand for is like herding cats. But one thing they universally oppose is Authoritarianism. Which means that Libertarianism is the polar opposite of Trumpism. Anyone claiming to be a Libertarian and supports Trump is full of it.

[No_Recess]

Originally Posted by r small

Trying to pin down exactly what Libertarians stand for is like herding cats. But one thing they universally oppose is Authoritarianism. Which means that Libertarianism is the polar opposite of Trumpism. Anyone claiming to be a Libertarian and supports Trump is full of it.

Correct.

Add these folks to the list as well:

George Washington
John Adams
Thomas Jefferson
James Madison
James Monroe
John Quincy Adams
Andrew Jackson
Martin Van Buren
William Henry Harrison
John Tyler
James K. Polk
Zachary Taylor
Millard Fillmore
Franklin Pierce
James Buchanan
Abraham Lincoln
Andrew Johnson
Ulysses S. Grant
Rutherford B. Hayes
James Garfield
Chester A. Arthur
Grover Cleveland
Benjamin Harrison
William McKinley
Theodore Roosevelt
William Howard Taft
Woodrow Wilson
Warren G. Harding
Calvin Coolidge
Herbert Hoover
Franklin D. Roosevelt
Harry S. Truman
Dwight D. Eisenhower
John F. Kennedy
Lyndon B. Johnson
Richard M. Nixon
Gerald R. Ford
James Carter
Ronald Reagan
George H. W. Bush
William J. Clinton
George W. Bush
Barack Obama