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Topic	California has no peers in the United States. It's in a league of its own.
xXfireglzXx 07/01/21 7:38:50 PM #83:	RickyTheBAWSE posted... substantial elaboration, please Subsidy based "bubble economics" ultimately lead to several periods of heavy loss followed by rapid growth. Every cycle of the bubble results in a greater and greater shifting of wealth because the regulatory bodies that are allegedly responsible for preventing it are completely captured by those responsible. Influencing aggregate demand through economic intervention policies is a great idea; until you allow the entity responsible for intervening to become compromised in the manner we have over the years. At which point they become a willing accomplice to the dangerous policies that created the bubbles in the first place.(IE: QE) The financial crisis of 2008 was a turning point in the history of the world, and for 13 years now I believe we turned in the wrong direction by enabling these abhorrent cheaters of the system. --- Official ANCIENT Killer. I make account bets from time to time so either man up or shut up. The Quote is dedicated to those we have lost. <cite>xXfireglzXx posted [p:955651868] in California... [t:79542269]...</cite> <quote>RickyTheBAWSE posted... </cite> <quote>substantial elaboration, please</quote> Subsidy based "bubble economics" ultimately lead to several periods of heavy loss followed by rapid growth. Every cycle of the bubble results in a greater and greater shifting of wealth because the regulatory bodies that are allegedly responsible for preventing it are completely captured by those responsible. Influencing aggregate demand through economic intervention policies is a great idea; until you allow the entity responsible for intervening to become compromised in the manner we have over the years. At which point they become a willing accomplice to the dangerous policies that created the bubbles in the first place.(IE: QE) The financial crisis of 2008 was a turning point in the history of the world, and for 13 years now I believe we turned in the wrong direction by enabling these abhorrent cheaters of the system. --- Official ANCIENT Killer. I make account bets from time to time so either man up or shut up. The Quote is dedicated to those we have lost.</quote> ... Copied to Clipboard!
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