Quote from: hawkeye on April 12, 2013, 12:11:19 AM

Quote from: myrkul on April 12, 2013, 12:06:01 AM

Quote from: hawkeye on April 11, 2013, 11:59:52 PM

Quote from: kokjo on April 11, 2013, 10:55:16 PM

and liberalism rob people of their home, if they can't pay the bills...

No, government and the central bank screwed over the market by messing around with interest rates which resulted in the impoverishment of many and the enrichment of a few. Which is what always happens in any kind of central planning system.

I don't think he was specifically speaking of the housing bubble, but the fact that in a capitalist economy, if you don't pay your bills, you're out on your ear.

Personal responsibility. It's a bitch.

Maybe not. But that's the times we live in, and I don't think things would be as harsh in a more liberal world. I think the fact that it's centrally planned leads to the bubbles which then leads to a lot of people losing money because they have got the wrong market signals which then leads to people like him saying that people are robbed of their homes because of liberalism and the reason he thinks that is because of the general propaganda that America is a liberal free market when it's nothing of the sort.

A mouthful but hopefully you get the point.

Centrally plan economy.
People malinvest.
Bubble pops, people lose money.
Blame on laissez faire.

Problem, Economy?