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<p>[QUOTE="medoraman, post: 1297151, member: 26302"]A Finance major who is a Keynesian? Heavan forbid. You should have taken my MBA Econ or Finance class, I would have driven that out of you. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>I disagree sir that the Keynesian policies pulled us out of any recessions, and especially the depression. Having almost half your workforce disappear and being the "factory to the world" is what pulled us out of the depression. Look at the failures of these policies in the 30's even while the policies were piling on Federal debt.</p><p><br /></p><p>I do agree sir that free markets need regulation, but its not from the free market, its from things like insider trading, price fixing, corruption of the beauracracy, etc etc. Free markets, absent people "cheating", is self regulatory. Long term there are always game changing events that preclude any one company or class from dominating. Even if you look at past large firms, you will find they broke many laws along the way to become dominant. Free market is not to blame, it is human greed and willingness to cheat.</p><p><br /></p><p>An example would be Microsoft. They did many underhanded, illegal things along the way to become dominant. Politicians have been trying to "break them up" for more than a decade now. With the change to cell phones, tablets, etc how dominant are they today? If they do not change, how dominant will they be in 20 years? Absent a couple of purchases, I do not see one new successful product from them in 20 years.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1297151, member: 26302"]A Finance major who is a Keynesian? Heavan forbid. You should have taken my MBA Econ or Finance class, I would have driven that out of you. :) I disagree sir that the Keynesian policies pulled us out of any recessions, and especially the depression. Having almost half your workforce disappear and being the "factory to the world" is what pulled us out of the depression. Look at the failures of these policies in the 30's even while the policies were piling on Federal debt. I do agree sir that free markets need regulation, but its not from the free market, its from things like insider trading, price fixing, corruption of the beauracracy, etc etc. Free markets, absent people "cheating", is self regulatory. Long term there are always game changing events that preclude any one company or class from dominating. Even if you look at past large firms, you will find they broke many laws along the way to become dominant. Free market is not to blame, it is human greed and willingness to cheat. An example would be Microsoft. They did many underhanded, illegal things along the way to become dominant. Politicians have been trying to "break them up" for more than a decade now. With the change to cell phones, tablets, etc how dominant are they today? If they do not change, how dominant will they be in 20 years? Absent a couple of purchases, I do not see one new successful product from them in 20 years. Chris[/QUOTE]
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