Can you guys get a pop-filter on your microphone(s) please? I really think it would make your video more ‘professional’. Anyway, good videos. Keep it up!

@SayItVisually : You can only achieve balance in a free market. US havent been using free market for decades.

I didn’t say any policies mandated borrowing I said policies mandated foolishness (eg Community Reinvestment Act, “mandated” loans be made available to people whom banks knew were bad risks, thus “mandating” foolishness) But I agree with you, people are responsible for their own actions. My contention is that you cite “free-markets” playing a role when obviously “free-markets” don’t exist because that requires absence of Government. What exists is the abomination known as the “mixed-economy”

How can we possibly assign blame to something that does not even exist? We’ve had nothing remotely close to ‘Free-markets’; The Feds artificially low interest rates, FDIC, Community Reinvestment Act, Freddy Fannie etc…all Government creations..and all violating and perverting ‘free’ market forces. When the Government unleashes these creatures, of course people are going to act foolishly…..the policies mandate it! The ‘free market’ is a victim of, not the cause of these problems,

thanks, much appreciated. Obviously much has changed since this was created

There is something to be done though, get rid if the goverment policies that discordinate the markets, create moral hazards, reward failure, punish success, and rob people through inflation. Abolishing the Fed and returning to a market-based monetary system would be another plus. Plenty to be done.

Alan Greenspan abandoned his free market principles a long time ago. (How could anyone be at the FED, a Government creation, and then claim to be pro free-market? Its a total contradiction)
Artificially low interest rates completely screw the entire market system by creating asset bubbles, not to mention creating inflation.
Every government regulation you want causes 100 new problems, which then you need a hundred new regulations to contain. Regulation is just like putting gasoline on a fire.

Even ayn rand’s disciple Alan Greenspan admitted he was wrong to fight the regulation for the bank.. a champion of free-market

Ok BIG reality check – Last years crisis was caused by:
1- the Federal Reserves low interest rate policies which encouraged reckless speculation in housing
2- Freddy and Fanny – Government Sponsored Enterprises buying loans backed by people with no job, no income
3- Deposit insurance – Creating moral hazards – no one cared what the banks did with their money.
4- Community Reinvestment Act – punishing banks who did NOT make risky loans
it goes on and on
…and then you blame free markets???

History is absolutely clear. As societies move closer towards free-markets, the more the living standards of people in that society improve. As societies move further away from free-markets, the more the living standards of people in that society is brought down (except perhaps for a few bought and paid for politicians and their friends). Do you honestly think what Obama is doing will improve the standard of living of Americans? Will more regulations + more taxes + more debt = more prosperity?

The societies whos poorest people have the highest living standards are ALWAYS the societies that have the freest markets. We could continue socialising and be like North Korea/ former Soviet Union whos societies became so impoverished and dysfunctional, not only could they not afford health care, millions of people die from starvation!. Is that the kind of ‘experience’ that you think ‘works’? People wept when the Berlin wall was built and rejoiced when it fell..Have you ever asked yourself why?

Economies of scale applies to everything. Saying it doesn’t work well for humans is like saying that gravity works fine in the US but not in Canada.
And who is served by ’some barriers’? Don’t you see, ’some barriers’ blocks competition, making medicine expensive and this CREATES the ‘medical elites’ and ‘non productive insurance’. The only barriers you need..When someone does a bad job, people don’t use them, and they go bankrupt. Free market is just as much about loss as it is about profit.

The ‘medical elite’ only exist because the AMA lobbies the Government to create barriers to entry (its illegal to open your own medical school, its illegal to sell insurance across state lines) which prevents competitive forces from pushing down costs and push up quality. Where are the food elite? Where are the clothing elite? You NEED clothes and food to survive too and you NEED many specialised people (not mere high school drop outs) and equipment to bring clothes and foods to the marketplace