Try again. I said government intervention screws things up. The other factors are kept in check WITHOUT it.
I couldn't agree with you more. If so called government regulation wasn't in place the big bad free market bankers wouldn't have loaned money to high risk people.
Who wouldn't stay at the poker table all night when you know your buddies are going to keep fronting you more money to play?
It's more accurate to say that government regulations actually help. By not letting businesses steamroll everybody we're all better off for it. Look at California and their electricity problems a few years back. Regulations are lifted. Prices shot through the roof and suddenly there is a lack of service. Giving business free reign is a failed experiment.