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If you dig deeper in the cause of the economic situation in the US, you'll find it was government regulation that caused it. One of the causes (there are many) is the quota that was placed on Freddie Mac and Mannie Mae to give out loans to people who normally wouldn't be given loans so lower income families could have a piece of the American Dream. Sounds good in theory but it didn't really work out. The the problem right now is people think it was deregulation that caused this issue and that false logic is going to make it worse.
Sorry for the side track...
Well said NiceGuyEddie. The media has been feeding us so much crap that we miss the forest for the trees.
There is nothing free-market about FNMA (Fannie Mae) and coercion by justice dept. for banks to make sub-prime loans. The US Banking and mortgage institutions are not market economies because the central bank wields so much control over them and has sole control over the money supply. Fannie/Freddie are also competing with government sponsored advantages against private banks so they can take more risks than private banks can. The banks should be left to fail. Murray Rothbard and Henry Hazlitt have both written great historical pieces that helped me get my perspective straight.
But I digress... As for OperaMini, Apple is missing the boat on this but they should be free to do whatever they want because it's their product and no one else can say anything about that. If one doesn't like it, they are free to associate with any other they wish.
Ciao,
A liberal democratic republican (lower case)






Member since:
2006-03-22
I'm surprised that your views are so one-sided (considering recent world events). So, Socialism never works, even though your government is nationalizing financial institutions left, right and centre (Freddie Mac, Mannie Mae, etc etc).
Yep, it's clear that market economies are better...until they f#&k things up and go running to the government for a hand-out.
Live by the sword...and then go and hide behind mom when things get too tough.