Quote from: figmentofmyass on Today at 08:20:24 AM

there's essentially 2 schools of thought on this. the austrians and other austerity supporters think perpetual growth is a fairy tale and that the market should be left to its own devices even if that means a depression wiping out much of the economy.

the keynesians and other demand side economists see a depression as the ultimate evil, much worse than money printing and bailouts.

And which one you prefer? Or you have your own "theory?"

Quote from: abhiseshakana on Today at 09:07:04 AM

In the name of democracy and the free market that is always echoed by the US the government should not intervene. Although the market mechanism is not always effective and efficient. because what is needed by consumers and suppliers is not always available, so that sometimes causes excess or lack of inventory in the market. Competition is not always effective, unfair competition such as monopoly will greatly disrupt the market balance. The emergence of community needs that cannot be provided by the market, such as public facilities.

What is more efficient than the market mechanism?

Quote from: abhiseshakana on Today at 09:07:04 AM

Learning from the great depression, I think the historical evidence of the failure of the free market system, the government does need to intervene in the market with an adjusted level. Government intervention policies in the economy must develop that are adaptive in nature and adjust to market conditions.

How the great depression is the evidence of the failure of the free market system? What happened in the great depression?

Quote from: Upgrade00 on Today at 09:32:42 AM

I believe there should be an intervention, at least until the market is again open, and people can go about business as usual.

What if the interventions make the situation worse than let the economy free as is, and let the invisible hand regulate the economy?