I don't have any theories about what happened to Iceland at this point. I don't know what happened.
So, when you watch a documentary that explains what happened there, you stop watching after 5 minutes because you dont like what its saying and assume it to be wrong despite not having a clue?
You're only 9 months late criticizing me on this. JeffK and JA37 were only 8, so they have you beat. Did you not read my post?
Here it is again:
Quote
Wow, this was a while ago. You are right, I should have given it a fair hearing. I must have been in a bad mood or something. A friend recently recommended this documentary to me. I will go back and give it a fair watch and evaluate the facts and arguments it makes. I don't have any theories about what happened to Iceland at this point. I don't know what happened.
I was wrong to dismiss the documentary without watching the whole thing. I was in a bad mood when I watched it and didn't like the stereotyped view it seemed to be promoting from the outset. Regardless, I should have given it a full hearing. Also, I should not have posted on the forum about it because I didn't give it a fair viewing. The criticism is justified, but rather late. The last part is me saying that I'm trying to go into watching the film without preconceived notions of what the Icelandic situation was in order to be as unbiased as possible. Mmmmkay?
As for "too much regulation" and "government intervention" mantra's; please, dont confuse them. Government intervention as in bail outs or other market distorting actions are bad. But a free market needs regulation, regulation is not evil its a dire necessity. Its not regulation that caused this crisis, if anything its a lack of good (and enforced) regulation.
I'm coming around to regulation. Especially if its regulation that involves getting people like you to read before jumping on a bash-someone bandwagon.
