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Here is the basic reality: in a complex, global, and huge economy, the government plays a crucial role. The role is regulatory, budgetary, and monetary. As far as limiting the role of government, we have done the experiment many times and the results are the same: poor. THAT is why we demand government involvement. We the people need some instrument to counter Big Money. We know that if we take our eye off of Wall Street, we pay dearly (Great Recession of 2008). If we take our eye off banks we pay dearly (S&L crisis of '80s). If we take our eyes off corporate behavior we pay dearly (WorldCom and Enron, 1990s). Can you imagine a stock market without an SEC (Great Depression, 1929)? We are at a time when we need government oversight more than ever. It has been suggested that in our complex economy, that the "experts" on the inside should self-regulate. That goes against history and human nature. |
— Editor
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