Comment by Ernest Hancock

Entered on: 10/1/2008 12:39:15 AM

As long as the contract between individuals is clear (banks and customers) then let each take their own risks and bad guys go to jail for stealing or lying (fraud). But when a government doesn't do their job to prosecute those that harm others, the people are convinced that it was prior restraint that was lacking and the government must determine the deal between two private entities.

Once that starts, then who gets to determine how deals are done, who's responsible for what, how are disputes settled?... the 'bad guys' with the money, that's who.

"Freedom's the Answer,... What's the Question?"

A truly free-market solves these sorts of problems by natural selection with individual self-interest. And the only legitimate role any government can play is the defense of an individual's rights when their property had been taken via theft and/or fraud.
But governments are always corrupted and become a tool of those with the inclination and character traits that encourage them to take advantage of people too trusting of others to look out for their own interests instead of doing it for themselves.

The people will learn or die....