Statutory Reserves | CPR Canadian Party for a Republic

[911TruthPusher]

You got my vote, 5*

[finditherefirst]

I still think you should run for Mayor! Nice job!

[MTL911Truth]

Regulation of banks is one of the only things I think the government should have the right to do

[aWhiskeyTangoFoxtrot]

ya no thanks.

This is only serves as a tool of the Statist.

A means for further empower top-down big government control.

leave the markets alone, and get the government the hell out of the way.

[RepublicOfCanada]

So in the case given here with the housing market overheating what would be your market based solution?

[aWhiskeyTangoFoxtrot]

the free market is self correcting.

People will stop buying once it is perceived the homes are over valued.

Problems arise in the economy once government tries to step in and control an organic market. It does not work. it never has....and the problems the we see happening right now are the direct result of that. Now I am not saying we do not play by a set of rules. What I am saying is manipulation of the market is a recipe for disaster.

[MTL911Truth]

I think your generalizing a bit much and are using the standard "free markets solve everything, governments solve nothing" line I've heard so many times before with no actual proof to back up your statement. How do you know the free market is self correcting? How do you know people will stop buying homes once it is perceived to be overvalued? The video says this was used to great success from 1938-1991 how can you say it won't work?

[MTL911Truth]

By the way, your statement that "the problems the we see happening right now are the direct result of (government intervention.)" I assume you are talking about the economic crisis in the U.S. That is a direct result of the Federal Reserve which is a private bank not the government, and also due to a LACK of government regulation on the derivatives market.

[aWhiskeyTangoFoxtrot]

that mayb be part of the problem. If you only scratch the surface of the last few years.

The problems with banking and lending practises fall back at least as far as the Carter administration. Government interference (ie "policy") started to manipulate lending conditions, that were legally imposed on lending institutions.

Again I am not arguing against rules and laws to protect against corruption or cronyism. I am arguing against government control and manipulation of the free market.

[MTL911Truth]

2 questions:

1) What government interference under the Carter administration are you referring to?

2) When you say you are against government manipulation of the free market, does that mean that the government has no right to put any regulations on banks? Because I am of the opinion that un-regulated banks are a danger to the free market.