Sowell

Thomas Sowell explains the finer points of picking up a check.

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• Sowell
• Wingnut
• Welfare

[larkydozer]

This comment thread is another fine example of a person whose attempt to discredit Thomas Sowell works well in speaking volumes about themselves and nothing factual or substantive about the views and opinions of Sowell.

It's like a page out of "Vision of the Anointed".

[Sam26100]

Sorry, but since you made a statement I figured you would be able to back it up more concretely than that

was I wrong to assume you knew what you were saying?

[tomperanteau]

At least there was only one piece of garbage that voted on this video as of this viewing.

[1classicliberal]

@imre1000 milton...milton friedman

[1classicliberal]

@imre1000 have you looked for the 1980 "free to choose" tv shows done by morgan friedman, I think that is what the debate is from

[imre1000]

@RighteousBubba - do you know where I can see the full discussion?

I keep seeing bits of it occasionally but noth the whole thing

[RighteousBubba]

@veritasaltius

Genius, had leveraging regulation been in place regarding default swaps - and the ability to insure them - stupid loans would have been a firecracker and not an atomic bomb.

In a world without regulations, the bubble would not have happened because, um, MAGIC!

[veritasaltius]

Unfortunately I only knew enough Latin to come up with a nickname I thought was clever. I'm sorry that it is so offensive to you. Do I have my modifier backwards?

[veritasaltius]

These are just 2 government regulations that caused the bubble and burst. There are more. Of course you can always look back and say oh we could have regulated this and that and saved this many people, but you're missing the root cause, which was regulation in and of itself. Regulators often miss the secondary effects of their policies and you get unforeseen negative consequences. That's why it's best to leave regulation to a free market competition.

[veritasaltius]

LOL . Yes, you keep saying it's caused by a lack of deregulation, but you've yet to back it up. Bad loans are the source of our grief. Without bad loans there is no leveraging "sixty times over in credit swaps". Artificially low interest rates regulated by the Fed, along with pushes from congress and GWB for banks to make and for FNMA and FHLMC to buy and securitize these loans are responsible for the bad loans at the root of this debacle.

[RighteousBubba]

@veritasaltius

The global economic meltdown resulting from not enough regulation, idiot. Note also that people who want to seem smarter than they are should avoid Latin: they generally don't know to use it.