Comments on: Who is to blame? http://cafehayek.com/2008/09/who-is-to-blame.html where orders emerge Mon, 16 Jan 2012 02:06:33 +0000 hourly 1 http://wordpress.org/?v= By: muirgeo http://cafehayek.com/2008/09/who-is-to-blame.html/comment-page-1#comment-30128 muirgeo Thu, 11 Sep 2008 15:15:35 +0000 http://localhost/wordpress/?p=3055#comment-30128 <p>Yup. We never even tried to present you with any substantive arguments or evidence. </p> <p>Posted by: Hans Luftner </p> <p>Seriously... I can hardly think of any referenced studies or data offered from your side. It's mostly all hand waving, matter of fact proclamations and attempted inculcation to The Invisible Hand.</p> <p>Oh yeah the consumption data suggesting we're all equally prospering. That was easiliy and soundly debunked.</p> <p>Seriously, what's the real world evidence that has you believing a libertarian society would optimize the human condition much less individual liberty? </p> <p>What's the real world evidience that suggest a weakened libertarian government wouldn't quickly be overtaking by corporatist to their own benifit?</p> <p>I think there is NONE!</p> Yup. We never even tried to present you with any substantive arguments or evidence.

Posted by: Hans Luftner

Seriously… I can hardly think of any referenced studies or data offered from your side. It's mostly all hand waving, matter of fact proclamations and attempted inculcation to The Invisible Hand.

Oh yeah the consumption data suggesting we're all equally prospering. That was easiliy and soundly debunked.

Seriously, what's the real world evidence that has you believing a libertarian society would optimize the human condition much less individual liberty?

What's the real world evidience that suggest a weakened libertarian government wouldn't quickly be overtaking by corporatist to their own benifit?

I think there is NONE!

]]> By: muirgeo http://cafehayek.com/2008/09/who-is-to-blame.html/comment-page-1#comment-30127 muirgeo Thu, 11 Sep 2008 15:09:30 +0000 http://localhost/wordpress/?p=3055#comment-30127 <p>"...it was precisely those risk supervisors that were EMPOWERED by the regulators, namely the credit rating agencies,...."<br /> Per Kurowski</p> <p><br /> Maybe I'm missing your point but the credit rating agencies are private companies. They certainly dropped the ball as well. If they were doctors they be sued at out their pants (actually I think they might be) and they'd loose their license.</p> <p>Who could ever trust those nicompoops again?</p> "…it was precisely those risk supervisors that were EMPOWERED by the regulators, namely the credit rating agencies,…."
Per Kurowski

Maybe I'm missing your point but the credit rating agencies are private companies. They certainly dropped the ball as well. If they were doctors they be sued at out their pants (actually I think they might be) and they'd loose their license.

Who could ever trust those nicompoops again?

]]> By: d g lesvic http://cafehayek.com/2008/09/who-is-to-blame.html/comment-page-1#comment-30126 d g lesvic Thu, 11 Sep 2008 14:33:23 +0000 http://localhost/wordpress/?p=3055#comment-30126 <p>Response to Muirgeo:</p> <p>The notion that private crooks could bring down a free market is questionable, if not absurd. But what is unquestionable, to me, at least, is that we shouldn't arm them with the power of "government."</p> Response to Muirgeo:

The notion that private crooks could bring down a free market is questionable, if not absurd. But what is unquestionable, to me, at least, is that we shouldn't arm them with the power of "government."

]]> By: Hans Luftner http://cafehayek.com/2008/09/who-is-to-blame.html/comment-page-1#comment-30125 Hans Luftner Thu, 11 Sep 2008 14:14:20 +0000 http://localhost/wordpress/?p=3055#comment-30125 <p><i>They demote any potential rebuttal of your's to me to nothing more then name calling because you have nothing factual or substantial in your armament with which to defend yourself with.</i></p> <p>Yup. We never even tried to present you with any substantive arguments or evidence. I'm sure if we did you'd read it. No one has, even once, tried explaining where we think you're mistaken.</p> They demote any potential rebuttal of your's to me to nothing more then name calling because you have nothing factual or substantial in your armament with which to defend yourself with.

Yup. We never even tried to present you with any substantive arguments or evidence. I'm sure if we did you'd read it. No one has, even once, tried explaining where we think you're mistaken.

]]> By: Per Kurowski http://cafehayek.com/2008/09/who-is-to-blame.html/comment-page-1#comment-30124 Per Kurowski Thu, 11 Sep 2008 14:05:41 +0000 http://localhost/wordpress/?p=3055#comment-30124 <p>“The mortgage crisis was a not only a failure of Wall Street at self regulating or of improving risk or of allocating capital properly... Wall Street failed in ALL these areas and it was intentional. A pyramid scheme built to fleece the American public. Probably the biggest heist of all time. It was a failure of oversight based on the presumption that markets are best left to regulate themselves.<br /> AND THAT's A SLAP IN THE FACE FOR THE LIBERTARIAN POSITION that is best countered with some more good heaping tablespoons full of denial.”</p> <p>Posted by: muirgeo</p> <p>But it is also a clear slap in the face of those who favor more regulations since it was precisely those risk supervisors that were EMPOWERED by the regulators, namely the credit rating agencies, that played the pipe the financial markets followed over the subprime precipice.</p> <p>Though markets were under-regulated in some areas, they were equally overregulated in others… for example banks weakened their credit analysis departments since… why do you need credit analyst for when you have the credit rating agencies to do it for you?<br /> </p> “The mortgage crisis was a not only a failure of Wall Street at self regulating or of improving risk or of allocating capital properly… Wall Street failed in ALL these areas and it was intentional. A pyramid scheme built to fleece the American public. Probably the biggest heist of all time. It was a failure of oversight based on the presumption that markets are best left to regulate themselves.
AND THAT's A SLAP IN THE FACE FOR THE LIBERTARIAN POSITION that is best countered with some more good heaping tablespoons full of denial.”

Posted by: muirgeo

But it is also a clear slap in the face of those who favor more regulations since it was precisely those risk supervisors that were EMPOWERED by the regulators, namely the credit rating agencies, that played the pipe the financial markets followed over the subprime precipice.

Though markets were under-regulated in some areas, they were equally overregulated in others… for example banks weakened their credit analysis departments since… why do you need credit analyst for when you have the credit rating agencies to do it for you?

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