I’ve also made it known, I don’t like seeing people pressed to take money they can’t really afford. I don’t feel government would ever be able to “ban” that sort of thing and I’m not seeking for them to. If tighter controls on the amount of interest that could be charged were in place like in times past, this sort of thing would never be going on to begin with.

I’m also against collusion in price fixing, that’s fraud and not an open market system.

But I draw the line with what I’ve noted above. I think there should be tight controls against charging high interest rates, against fraud and that’s about it. I do feel what’s left “free” beyond that will work it’s self out.

I do feel the full “free market theory” does work, but I don’t feel it’s application to the fullest extent would be wise.

I consider myself a person who favors free markets, but I do make it known I say that with certain controls, so my view of it is not really the fullest pure definition of “free market”.

Now with everything I’ve said above, I’m speaking about markets within America only. I’m not at all for full international free market action. I think that has to be well controlled and I’m no fan of many international trade agreements America has setup.

Regarding this issue with the banks, I do feel they need to be allowed to freely fall. I see no value in giving money to proven failures. Let them die, lets take the pain and allow the market to correct.

Hi hope you are well.

Do you really believe in the free market theory?

Love,

John

Yes one thing is for certain, scripture will be fulfilled.

Good Lord…these are incredible times!!

Doesn’t Scripture speak about our money becoming valueless also?

Dev

Problem is, those who desire it are going to keep at it till they get it. Maybe even let a small depression set in, to try and pain more citizens into supporting giving failures more money. But so far many Americans realize it’s a bad idea.

Either there can be some big pain in some areas now, or worse later. The politicians are pushing to have worse later, they’ll take what they can get for now.

Dev

Instead, lawmakers have sought to avert the market correction (otherwise known as a recession). So you have an economy with an inflated false bottom. Piling debt. You can see some of it explained in KyleAndrews’ earlier comment.

There’s a real fundamental principle that is being broken in this “bailout”, which is you don’t give your worse lenders a “bailout”. They made the loans and passed them around to each other. Knowing the risks before they did it. Knowing voices have been warning them about it for a long time. That does not deserve reward in them staying on “Wall Street”.