Thanks for the Laissez Faire recommendation guys, really interesting reading.
Something that I cant get my head around is the following, which is found at this website.... http://mises.org/story/3165
"Government Intervention Actually Responsible for the Crisis
Beyond all this is the further fact that the actual responsibility for our financial crisis lies precisely with massive government intervention, above all the intervention of the Federal Reserve System in attempting to create capital out of thin air, in the belief that the mere creation of money and its being made available in the loan market is a substitute for capital created by producing and saving. This is a policy it has pursued since its founding, but with exceptional vigor since 2001, in its efforts to overcome the collapse of the stock market bubble whose creation it had previously inspired. "
Now..... A Laissez Faire approach to economics means that Government role in the economy is minimal, which is obviously not the current economic landscape. But the FED is actually a Private (non-gov) organization, so how can {In the linked article}the blame be placed on the Government as a defense for Laissez Faire?
Something that I cant get my head around is the following, which is found at this website.... http://mises.org/story/3165
"Government Intervention Actually Responsible for the Crisis
Beyond all this is the further fact that the actual responsibility for our financial crisis lies precisely with massive government intervention, above all the intervention of the Federal Reserve System in attempting to create capital out of thin air, in the belief that the mere creation of money and its being made available in the loan market is a substitute for capital created by producing and saving. This is a policy it has pursued since its founding, but with exceptional vigor since 2001, in its efforts to overcome the collapse of the stock market bubble whose creation it had previously inspired. "
Now..... A Laissez Faire approach to economics means that Government role in the economy is minimal, which is obviously not the current economic landscape. But the FED is actually a Private (non-gov) organization, so how can {In the linked article}the blame be placed on the Government as a defense for Laissez Faire?
Living the adventure in my head.