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Skarface July 9th, 2013 10:34am

Many European nations recovered quickly from the financial crisis of 2008, largely in part of "big government" regulations that would likely never be an option in the US due to opposition from the right. Could economic regulation similarly help us?

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PuppyLvr In love with Listgarten
07/09/13 8:40 am

Economic regulations stifle business. When that happens, people are less productive and the economy suffers. Cutting regulations will help, not adding them.

Skarface Banned
07/09/13 8:48 am

That's the story, but several European nations proved the opposite.

PuppyLvr In love with Listgarten
07/09/13 8:51 am

Correlation doesn't always equal causation. I'm guessing other things were also done and the economy improved in spite of the regulations.

Skarface Banned
07/09/13 8:55 am

The main reason why places like Sweden had a lesser recession is because they had more regulations on the bankers, which gave them less ability to screw everyone over. If I'm not mistaken, the US took similar measures after the Great Depression.

PuppyLvr In love with Listgarten
07/09/13 9:00 am

Recessions aren't caused by banks. Regulations put on banks nowadays make it so anyone can get a loan regardless of ability to repay it. When people can't repay it, that puts them in debt and hurts the economy.

Skarface Banned
07/09/13 9:09 am

One of the main causes of both the Great Depression and the 2008 recession was bank failures.

PuppyLvr In love with Listgarten
07/09/13 9:12 am

Which were caused by many people having the inability to repay loans.

PeppyHare Do a barrel roll
07/09/13 10:05 am

Quality matters over quantity.

All the regulations in the world don't matter if you have politicians saying everyone should go out and buy a house/car because its the American dream. Fannie Mae is a government sponsored entity and it helped cause.

PuppyLvr In love with Listgarten
07/09/13 8:40 am

Economic regulations stifle business. When that happens, people are less productive and the economy suffers. Cutting regulations will help, not adding them.

PeppyHare Do a barrel roll
07/09/13 8:11 am

I think that story was covered up by all that Greece and Eurozone collapsing under massive debt thing they have going on. When you have people claiming the EU will break apart you forget how good things really are there.

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Jack14 Massachusetts
07/09/13 4:24 am

You mean big gov't in Greece, Spain etc.

Skarface Banned
07/09/13 5:45 am

For every Greece, there's a Germany. Judging Europe's financial situation by looking at Greece is like judgin America's racial diversity by looking at McNabb, Illinois.