There are no upcoming events right now.
Why not post one?
Recent Articles
- Justice for Indigenous Peoples is Long Overdueby Ryan McGreal, published June 30, 2021 in Commentary
(0 comments)
- Third-Party Election Advertising Ban About Silencing Workersby Chantal Mancini, published June 29, 2021 in Politics
(0 comments)
- Did Doug Ford Test the 'Great Barrington Declaration' on Ontarians?by Ryan McGreal, published June 29, 2021 in Special Report: COVID-19
(1 comment)
- An Update on Raise the Hammerby Ryan McGreal, published June 28, 2021 in Site Notes
(0 comments)
- Nestlé Selling North American Water Bottling to an Private Equity Firmby Doreen Nicoll, published February 23, 2021 in Healing Gaia
(0 comments)
- Jolley Old Sam Lawrenceby Sean Burak, published February 19, 2021 in Special Report: Cycling
(0 comments)
- Right-Wing Extremism is a Driving Force in Modern Conservatismby Ryan McGreal, published February 18, 2021 in Special Report: Extremism
(0 comments)
- Municipalities Need to Unite against Ford's Firehose of Land Use Changesby Michelle Silverton, published February 16, 2021 in Special Report
(0 comments)
- Challenging Doug Ford's Pandemic Narrativeby Ryan McGreal, published January 25, 2021 in Special Report: COVID-19
(1 comment)
- The Year 2020 Has Been a Wakeup Callby Michael Nabert, published December 31, 2020 in Special Report: COVID-19
(0 comments)
- The COVID-19 Marshmallow Experimentby Ryan McGreal, published December 22, 2020 in Special Report: COVID-19
(0 comments)
- All I Want for Christmas, 2020by Kevin Somers, published December 21, 2020 in Entertainment and Sports
(1 comment)
- Hamilton Shelters Remarkably COVID-19 Free Thanks to Innovative Testing Programby Jason Allen, published December 21, 2020 in Special Report: COVID-19
(0 comments)
- Province Rams Through Glass Factory in Stratfordby Doreen Nicoll, published December 21, 2020 in Healing Gaia
(0 comments)
- We Can Prevent Traffic Deaths if We Make Safety a Real Priorityby Ryan McGreal, published December 08, 2020 in Special Report: Walkable Streets
(5 comments)
- These Aren't 'Accidents', These Are Resultsby Tom Flood, published December 04, 2020 in Special Report: Walkable Streets
(1 comment)
- Conservation Conundrumby Paul Weinberg, published December 04, 2020 in Special Report
(0 comments)
- Defund Police Protest Threatens Fragile Ruling Classby Cameron Kroetsch, published December 03, 2020 in Special Report: Anti-Racism
(2 comments)
- Measuring the Potential of Biogas to Reduce GHG Emissionsby John Loukidelis and Thomas Cassidy, published November 23, 2020 in Special Report: Climate Change
(0 comments)
- Ontario Squanders Early Pandemic Sacrificeby Ryan McGreal, published November 18, 2020 in Special Report: COVID-19
(0 comments)
Article Archives
Blog Archives
Site Tools
Feeds
By A Smith (anonymous) | Posted January 05, 2009 at 14:28:09
Areyoukiddingme, what's your point? Banks failed in those years because the economy tanked. Since fractional banks use large amounts of leverage, when the economy shrinks, it sets them up for huge losses. The government helps promote this system by issuing deposit insurance, which gives depositors the false impression that their deposits, which are actually investments in people's homes and businesses are somehow safe from the real world. Therefore , the government has promoted a banking system where risk taking is encouraged, since the people who supply the capital feel it is not at risk.
Jonathan/Jason, I didn't say the U.S. auto industry was the most innovative, I said that the overall U.S. economy has been. Think about who "invented" the internet, the airplane, the car industry, the cell phone, satellite T.V., satellite radio, private space travel, etc. Your point about cell phone/gadgets only reinforces my point that other countries are second tier adopters of this new technology. Of course, they add their tweaks to existing breakthroughs, but the fact remains that the dynamic U.S. economy creates them.
Brandon, regulation and rules are only helpful if the deliver as much as they promise. Otherwise, all rules do is allow people to let their guard down, thus making it easier for shady business operators to take advantage of them. With regard to rising home prices, I find it interesting that the government didn't recognize that an average 10% increase in home prices was not inflationary. If they couldn't or wouldn't see that obvious fact, why should anyone put any trust in these people to protect any other parts of the financial system.
The fact is, governments love making big promises, but they also have a long track record of under delivering. I would much rather have a government that promised very little, thus allowing individuals to do their own homework before investing.
Permalink | Context