If anything, the argument for free markets is technology orientated. I believe free(er) markets are imminent, but that is still years away.
No, everything would have crashed into oblivion.Sure, but fractional reserve is what got a lot of banks in trouble and that's why a lot are afraid to lower their reserve ratios (or is it raise, either way, you know what I mean). It's fraud and the free market would be clearing it up if not for government support of the corrupt system.
It was very close.People will still buy. You act as if we'll go back to the stone ages.
Its not convenient for you to use faulty comparisons. Spending 30 years to purchase something is quite different than spending a grand on a new laptop. Come on....It's the same human mentality. It's the way that people think. You have no reason to say that it is a bad comparison other than it is not convenient for you.
Here is why it shouldn't. Millions of people do not need to face unnecessary suffering.Just because governments won't let it happen doesn't mean it shouldn't.
Wiemar inflation was primarily due to ungodly war reparations, and following 1929 it fell in line with most nations that were shaken by the depression.And besides, Hitler got to power from the collapse of the Weimar Republic. What doomed the Weimar Republic? Inflation from an interventionist government. Sound familiar?
All assets will go up in the long run, but the psychological toll it places on the populace not only non desirable, but unnecessary.My parents have lost just about all of their retirement because it was all in BofA stock. So don't tell me that it hasn't hit home. However, there is a risk in stocks and if you fail you don't deserve to have someone back you up. If you don't want to fail then don't take the risk.