Post
Topic
Board Economics
Re: Global Financial Crisis scenarios
by
CoinsCoinsEverywhere
on 17/07/2014, 15:25:15 UTC
Market are still the most efficient and when the State intervenes the prices go up, the service quality and innovation go down
I mostly agree.  However, there are times when free markets get out of control (bubbles and crashes), and some limited state intervention may be required to let a little air out of bubbles and "soften the landing" when markets crash.  Like a lot of people, I think governments went way overboard after the 2008/9 recession, but I do think that some kind of response was necessary during the crisis to keep things from spiraling further out of control.