- #456
Angry Citizen
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ParticleGrl said:The US central bank has done much better than the European central bank as far as these things go. Yea, nothing is perfect, but would a nationalization really be helpful? Would it be a good thing if a politician seeking reelection could create a bubble at will?
Sure it would be helpful. The private sector creates bubbles just to extract some money from people (see housing crisis). I don't think you have much to worry about as far as politicians, so long as an informed citizenry exists.
... On second thought, perhaps we need to wait until Americans become more similar to Europeans in terms of political consciousness. Given certain political realities in America today, it's obvious that Americans are pretty lacking in that department.