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A recognized Safe Space for liberty - if you're triggered and you know it, clap your hands!

File: 1449027524907.jpg (178.44 KB, 918x627, 306:209, socrates bein' a cheeky li….jpg)

Anonymous 12/02/15 (Wed) 03:38:44 No.13481

What does /liberty/ think caused the financial crisis of 2007–08?

Anonymous 12/02/15 (Wed) 03:55:13 No.13484

The Jews

Anonymous 12/02/15 (Wed) 04:34:56 No.13487

this tbh fam

Anonymous 12/02/15 (Wed) 06:01:14 No.13499

A perfect example of failed financial policy and regulation.

But like the great depression, it will be blamed entirely on "unregulated banks and markets" in the textbooks come a decade or two from now.

Anonymous 12/02/15 (Wed) 06:14:14 No.13501

Government policy and intervention, more specifically interest rate manipulation and moral hazard in the form of bailouts.Also fractional reserve banking just generally doesn't help. There are several books on this from the Austrian perspective, Meltdown by Tom Woods is a short, easy to read one. You might also check out Deep Freeze by Philipp Bagus and David Howden.

On a side note, Glaucon was completely right about justice, and the example used with the ring of Gyges fits in completely with how humans behave. Plato going on a complete non-sequitur about muh completely just city doesn't change that

Anonymous 12/02/15 (Wed) 07:53:56 No.13502

deregulation

Anonymous 12/02/15 (Wed) 17:35:16 No.13512

File: 1449077716762.png (10.35 KB, 518x303, 518:303, 1448854655922.png)

This.

Also this. The housing bubble was created to replace the dot-com bubble, and horrible loans given to high-risk borrowers with promise of government payout if they defaulted was one hell of a moral hazard. When shit hit the fan, the government just couldn't stop handing out cash, which is why our economic recovery has been so poor - we never dealt with the problems and instead subsidized them.

Regulation was increasing rapidly in the Clinton and Bush years and did nothing to stop the crisis. Government is also more likely than corporations to break regulations (especially environmental ones), and even more likely to get away with it. Step up, senpai.

Anonymous 12/02/15 (Wed) 19:49:22 No.13520

File: 1449085763640-0.webm (883.92 KB, 640x360, 16:9, normiessss.webm)

File: 1449085763640-1.webm (1.63 MB, 480x480, 1:1, normiiiiiiiiiiiiiiiiiiiie….webm)

File: 1449085763640-2.mp4 (841.65 KB, 480x360, 4:3, ree.mp4)

File: 1449085763641-3.webm (1.56 MB, 960x540, 16:9, REEEEE.webm)

NORMIES GET OUT REEEEE

Cancer!!FQicwS4ZEg 12/03/15 (Thu) 22:20:44 No.13573

>What caused the financial crisis of 2007–08?

aka

What caused the housing bubble?

What caused the subprime mortgage crisis?

A: Moral hazard and systematic risk.

People and banks will externalise loss when they can get away with it. When papa the state sets itself as the buyer of last resort, you encourage banks to behave in such a way.

As for "deregulation", it's an easy answer from those who don't have explain what they are actually going to regulate. How do you regulate the trading of toxic securities or the issuing of bad loans when nobody initially knows which assets are toxic or which debtors won't be able to pay?

Cancer!!FQicwS4ZEg 12/03/15 (Thu) 22:27:52 No.13575

Also, shout out to Fannie Mae and Freddie Mac for all their work in providing poor, young, disadvantaged, working families (who build America!) with the opportunity to acquire mortgages well beyond their means.

No housing bubbles here. No siree! Uncle Sam is a good boy who thinks ahead.

Anonymous 12/04/15 (Fri) 04:41:45 No.13577

File: 1449204106111.jpg (10.36 KB, 300x240, 5:4, 300px-Paul_Krugman_BBF_201….jpg)

dude

lets just replace the bubble with another bubble

lmao

Anonymous 12/04/15 (Fri) 05:22:24 No.13581

File: 1449206544606.png (360.6 KB, 858x725, 858:725, 1447698901650.png)

REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

Anonymous 12/04/15 (Fri) 08:11:55 No.13585

https://www.youtube.com/watch?v=s2csNrQB63w

Anonymous 12/09/15 (Wed) 00:33:31 No.13900

Incompetence and greed of big government and big corporations

Anonymous 12/09/15 (Wed) 07:51:51 No.13916

I brought too many packets of cheeseballs

Anonymous 12/27/15 (Sun) 03:35:41 No.14482

liberalism is a huge failure by itself

Anonymous 12/27/15 (Sun) 05:34:47 No.14501

lol

Anonymous 12/27/15 (Sun) 08:18:45 No.14517

Capitalism

Anonymous 12/27/15 (Sun) 08:36:08 No.14522

lol

Anonymous 12/27/15 (Sun) 08:50:35 No.14524

not really

Anonymous 01/10/16 (Sun) 04:37:07 No.15240

Everytime I think about this I get physically itchy. It's like we're living in Hell, the liars keep winning and rewriting history so it looks like they were the ones telling the truth. I just can't fucking stand it. I've REALLY come to understand Timothy McVeigh lately and I'm not really trying to be edgy. I just get so fucking bitter.

Anonymous 01/10/16 (Sun) 11:27:06 No.15274

File: 1452425226482.jpg (161.9 KB, 1280x960, 4:3, 1372155293737.jpg)

Anonymous 01/10/16 (Sun) 14:15:14 No.15307

maybe you should.

Anonymous 01/10/16 (Sun) 22:58:30 No.15342

Quality leftistposting friend.

Anonymous 01/11/16 (Mon) 02:57:07 No.15345

What do you think caused the financial crisis of 2015-2016?

Anonymous 01/11/16 (Mon) 10:35:27 No.15365

Dank memes.

Anonymous 01/11/16 (Mon) 12:49:43 No.15375

>As for "deregulation", it's an easy answer from those who don't have explain what they are actually going to regulate.

That's how muh regulation is always used. Exxon committed mass fraud? Dammit, why weren't there tighter regulations?! What would these regulations have achieved? No idea, but we needed them anyway!

Anonymous 01/12/16 (Tue) 09:45:17 No.15423

thefts disguised as bankers

Anonymous 01/12/16 (Tue) 12:30:04 No.15465

Blacks have - because of their history - lower capital and thus have a higher risks when taking loans. The democrat's briliant idea was now to force banks to take these higher risks because muh discrimination, muh equality!

Affirmative action loans.

https://www.youtube.com/watch?v=Lr1M1T2Y314&index=8&list=FLpsIj7fyCh_tO3hJTSmJFoQ

Anonymous 01/12/16 (Tue) 13:47:28 No.15480

counting imaginary money.

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