Jump to content
Objectivism Online Forum

Don't Blame Wall Street -- The Government Did It!

Rate this topic


Recommended Posts

Since Goldman Sachs has set government economic policy in both the Bush and Obama administrations, the distinction being made between government versus Wall St. is no longer a relevant distinction. Welcome to fascism.

Link to comment
Share on other sites

Since these companies in bed with the government are not themselves part of government, but are more advisers, yes they can win out (in the short run) via government policies they help to set. However, there is still force being used against everyone else who may disagree with those policies, and the taxpayer who doesn't have much of a choice about where their tax payments are going; not to speak to the fact that each time the government bails out someone they tend to flood the market with printed dollars, making everyone pay the cost through inflation.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.

×
×
  • Create New...