[pp.int.general] Artificial Scarcity

[Philip Hunt]

2009/11/6 Edison Carter <the.real.edison.carter at gmail.com>:
>
> On Sat, Nov 7, 2009 at 9:52 AM, Christian Hufgard <pp at christian-hufgard.de>
> wrote:
>> Except those who lost their jobs the last year due to the free financial
>> market...
>
> LOL.. so the market collapsed because the government wasn't interfering and
> regulating it enough, huh?

It's not the quantity of regulation that's important, it's the quality.

Banks are limited companies, which means that their owners aren't
libable for their debts. So a bank can make a risky investment in the
knowledge wthey won't have to pay if things go wrong. It would
probably make sense to either remove limited liability status from
banks what make risky investments, or to say that the banks' debtors
don't have to pay their debts either.

-- 
Philip Hunt, <cabalamat at googlemail.com>
Campaigns Officer / Press Officer, Pirate Party UK