The manipulation of the economy by our government isn’t (err, the Federal Reserve). Manipulation of interest rates, printing money and regulation of the markets have just provided for easy money when we should have been taking a hit from the .COM bubble. Blame Greenspan/Bernanke and company.

The Fed has been propping up the entire system for so long there is almost no way out of it. All they have left to do is continue the disastrous monetary policies that got us here. Except now that the world is losing faith in the dollar, they have nothing to fall back on.

If we wiggle our way out of this mess with more governmental interference it is just going to crash even harder five years down the road.

I mean, we just effectively nationalized one of the largest private financial institutions in the world. This can’t be leading to anything good, haha.

But allowing “the corrupt institutions” to collapse would cause extreme damage to US and global markets, likely costing shareholders billions and really hurting everyone’s pocketbook. Honestly, it’s not even a feasible solution.

As you say, “the next decade or two might be hard.” Uh, yeah. The crumbling of global financial markets might be hard.

And, actually, deregulation is what got us into this mess – the subprime mortgage crisis grew out of, yes, greedy investment banks, but also a glaring lack of oversight. The theoretical concept of markets policing themselves with no regulatory oversight has proven to be disastrous when applied to real-world financial systems.

No regulations is the answer. Let the corrupt institutions that made bad decisions collapse. The next decade or two might be hard, but after, the system will be cleansed. No one wants to listen to the long-term answers though.

Go Ron Paul.