Free Market Myth?

[AlP]

Yes you are correct people would have lost lots of things if bailouts etc were not used but you are not getting to the root cause of the problem. Yes bailouts etc will stave off depression/recession in the short term but it will persist into all bad assets and transactions are dissipated and unemployment goes down. The root cause of the problem is the government itself. It caused the recession and we wouldn't be bailing out corporations in the first place if wasn't for them. They eliminated the Glass-Steagall act enabling banks to make risky trades such as mortgage backed securities. Also the government has the FED in place which sets artificial interest rates and pumps fake money into the system.We have a managed economy, inflationary system, and massive corporatism yet everyone blames the free market when in fact the Fed has monopoly control of money and credit without congressional oversight.  Heres an analogy i heard for the fed: "if a teacher gives kindergarten kids a bunch of soda and pixie sticks and then leaves and comes back and the classroom is wrecked then who do you blame". Thats basically what the fed did and set interest rates low enough and gave people "free money" and let them leverage it up where corporations could make risky deals. Besides bad fed policy we are fighting 2 wars, have hundreds of bases across the world and we spend billions to maintain our global empire of bases and all empires fail eventually and we are in decline. The free market can address the problems because if there is demand for something then someone will take advantage of the situation and supply that demand.  You say it does not make sense and you claimed to have taken economic classes. So No doubt you understand that the laws of supply and demand cause the free market to work. If there is a demand for something then someone will step in to fit that market thus making money... The first thing they say in econ101 is that "there is no such thing as a free lunch" yet many people still see this as attainable as we pump billions of dollars into the public sector(the unproductive sector) yet it does nothing and unemployment keeps going up. We barley produce anything as a country and borrow billions of dollars from the rest of the world and keep blowing it on consumption. We simply cannot go on the current course because once the dollar is abandoned as the world reserve currency our economy will crash very hard.We are already seeing moves especially in Asia to get rid of dollars. The central bank in india just bought a shit ton of gold because they do want to be holding onto dollars since soon they will be worthless from massive inflation since our debt is 12 trillion dollars and as far as alternatives a free market is far better then the current system.

Paragraphs please!  

[Sheeplauncher]

fixed.