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Originally Posted by Natural Elements
ok guys it seems like your ping point pretty well.
If we let a total free market, we will see some Madoff clones or unscrupulous business men. Do you think that the government needs for example to regulate the financial market to prevent abuse?
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I don't think that we've ever had a "total free market", at least not for quite some time. Anti-monopoly regulations were instituted about 100 or so years ago. The regulations already in place didn't prevent the Madoff fraud. While effective enforcement of existing securities regulations is appropriate, they still can't detect/prevent every fraud. IMHO, additional detailed federal control of the financial markets would be counterproductive to a recovery.
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Do you think that stopping manufacturing overseas can help the economy and put US employment on the right track?
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The only ways that I can think of (perhaps there are others)to stop manufacturing from going overseas would be either 1) punitive tariffs on incoming goods or 2) direct government control of the manufacturing companies. I don't believe that either of these would be good for an economic recovery.
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