Site Presented By - Salon
Story date: 2009-09-01 10:53:00
Added on: 2009-09-02 00:41:11
In all previous depressions, the Federal government had pursued a laissez faire attitude, keeping hands off and letting market forces bring about recovery quickly; and the recovery always came, no matter how steep the depression at the start. But ...
Read more...
Related Stories:
-
A Laissez Faire-y Tale
The laissez faire ‘90s seemed to confirm Greenspan’s hands-off approach to regulation. But as a result, the financial world suffered a fiscal...
2012-01-15 10:45:25 -
Laissez-faire economics - BusinessWorld Online
Laissez-faire economicsBusinessWorld OnlineThe main argument for a laissez-faire economic policy during a recession was that if consumption fell, then interest rate would...
2009-07-06 11:04:10 -
Why banks don't fret about household debt - Globe and Mail
Globe and MailWhy banks don't fret about household debtGlobe and MailIn fact, for a brief moment there, Bank of Montreal BMO-T led...
2012-02-22 09:49:40 -
A Catastrophe Foretold
New York Times - Over half the mortgage loans were made by independent lenders without any federal supervision.” What he didn’t mention...
2007-10-26 02:45:00 -
Mark Green: 7 Days: It's Not McCain's Age But the Age of His Ideas -- w/ Ed Cox, Huffington, Green, Conason (HuffingtonPost)
If you like gunboat diplomacy and pre-Depression laissez-faire economics, McCain is your bridge to the 19th Century....
2008-03-30 12:01:19 -
Commentary: The 4 big rustlers on the mortgage ranch and how to corral ...
Marketwatch - ... in the subprime market but there was a laissez-faire mentality throughout the mortgage ... they'd rain on the...
2007-10-11 04:18:00 -
Steve Clemons: Oil Surges $25/Barrel -- A Discussion on the US Economy, its Stakeholders, and the Next Financial Era (HuffingtonPost)
This is a real indictment of the laissez-faire, manically neoliberal political economic order that we have had in place during the Clinton...
2008-09-22 02:48:14 -
Government Failure - TriVallyCentral
To hear the media pundits and presidential candidates tell it, you'd think Adam Smith has been president for the last eight years...
2008-09-27 01:56:00