Quote:Just one note, the biggest problem that caused the financial crisis in 2008 was undeniable bad home mortgage loans. Those loans where state mandated in the 90's had those loans never been required and banks where left on their own to gauge if a consumer was a good investment or not when making home loans the housing crisis likely never happens.

 

It's just a small point that illustrates the issue is government interference with the markets. While the intention is noble to make sure everyone has a chance at the American dream of owning a home, it created an enviroment where risky loans where not really that risky. They where backed by the feds. So you can't blame capitalism, or capitalist, or low taxes for a down economy (it's the downs that kill the middle class, the rich can bounce back from a bad mortgage note, the middle class it devastates their net-worth and takes almost a life time to correct) when you have constant interference with the balance of investments and return. Supply side economics only works when the market has to weigh the risk against the reward. Take away the risk and it's a different economic system all together.