You really are deeply informed. I can't claim to be versed in this CRA stuff. But I cannot help but think it funny that the shit should be hitting the fan undder Dubya, and it certainly strikes me as being oddly coincidental that this should be happening with all the ideological deregulatory fervor that this administration has brought to governance, against which the Dems have been screaming about.
I understand that this runs counter to your purist Libertarian philosophy, but the application of this deregulatory abandon seems more at the heart of it. As far as I can go is to say that these economic problems are not just about Dubya, but about the whole culture's fall to a spend and borrow mentality - consuming beyond our means. And that Dubya just facilitated these bad habits and unloosed the horses - like Apollo letting his one Phaethon drive the sun, only to crash and burn. Business men still need regulations, for greed runs too hot. Maybe people aren't ready for true libertarianism yet.
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Date: 2008-09-24 02:22 pm (UTC)From:I understand that this runs counter to your purist Libertarian philosophy, but the application of this deregulatory abandon seems more at the heart of it. As far as I can go is to say that these economic problems are not just about Dubya, but about the whole culture's fall to a spend and borrow mentality - consuming beyond our means. And that Dubya just facilitated these bad habits and unloosed the horses - like Apollo letting his one Phaethon drive the sun, only to crash and burn. Business men still need regulations, for greed runs too hot. Maybe people aren't ready for true libertarianism yet.