Posted on 08/16/2011 7:30:58 PM PDT by neverdem
Markets get it a LOT better than government ever will.
You're right - it was almost all caused by hype, speculation, and greed. But recall that, when the bubble imploded, the government did exactly the right thing: nothing. The free market worked, sanity returned, and a lot of people lost a lot of money they mostly deserved to lose.
Oh yes, and the company I'd worked for went belly up. But I'd already jumped ship - shortly after the CEO announced we could stop worrying because he'd secured a fourth round of financing. By then, I'd boned up on enough basic economics to realise that this was the writing on the wall.
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