There are only two options.

[Incorruptible]

God why do you free market people post here and get slaughtered? Learn your history and goto mises.org and study up if your going to challenge some of the people here. Number one, free market thinkers understand something called the business cycle. Number two, Human Action is not predictable you can't base economics on a non constant which is what most people who are not for the free market do. Third, and this is a major one. It's all about certainty and unpredictability in the markets. Abolishing our current system and reverting back to gold would be a huge shock to the system even Paul realizes this. Abolishing all regulations would again send a huge shock through the system.

You do have two options 1) keep the current system in place preventing any sort of market predictability or 2) slowly transistion away and actually have predictability.

Anyone who brings up bubbles as old as the tulip crisis to challenge true free market principles needs to look at history post 1913. Even if we went 100% free market there would still be booms and busts, the difference is the correction would be quick and the people who actually lost would have lost instead of getting backed by government.

The current system in place will eventually collapse and America will have a much bigger problem

 

[momeNt]

Anarchist420 understands nothing about a national economy. As he advocates exactly the same failed polices of Hoover that made the depression deeper and longer. At least Obama has prevented unemployment from reaching the 25% level, that makes economic recovery almost impossible and social rebellion likely.

Cheer up anarchist, when the government collapses and blood is running in the street, its the aristocrats that are first to be hung from lamp posts. As our current American economic problem is that too much wealth has concentrated in to few hands. If government economic reforms don't reverse the trends, in any society, violent revolution will redistribute the wealth as that other alternative.

Pick up a history book and you'd see that Hoover started about 10 different organizations to help support falling prices across all different sectors of the economy. He was entirely interventionist.

 

[Anarchist420]

Speaking of trolling, I say take the blue pill.

It's too late, I've already taken the red pill. Due to that, I know what's going on.

 

[Incorruptible]

Why? You don't work and live at home with your parents.

Yes, unemployment of 40% wouldn't lead to people coming to your house, killing you and your parents for everything you got. And of course, you have no proof that the country or economy would ever recover after the riots and killings that occur due to the high unemployment.

Think before you post.

Why is it always fear mongering from people critical of the Free Market

 

[Capt Caveman]

Why is it always fear mongering from people critical of the Free Market

It's not fear mongering. It's called having the intelligence to understand how economic principles would apply in today's world. The problem is that you free market folks don't understand how the real world works.

The OP has brought up numerous ways how the free market would work but was proven wrong time over time.

So, stop trolling. Love how you go back to old threads and posts to reply to, you must not have much going on in your life.

 

[CallMeJoe]

It's too late, I've already taken the red pill. Due to that, I know what's going on.

Phenobarbital is not the gateway to enlightenment.