Comments on: Marc Faber: Obama’s not going to be good for the market http://www.creditwritedowns.com/2008/06/marc-faber-obamas-not-going-to-be-good.html Finance, Economics and Markets Fri, 10 Feb 2012 00:37:00 +0000 hourly 1 By: Edward Harrison http://www.creditwritedowns.com/2008/06/marc-faber-obamas-not-going-to-be-good.html#comment-114 Edward Harrison Thu, 17 Jul 2008 12:59:00 +0000 http://www.creditwritedowns.com/2008/06/marc-faber-obamas-not-going-to-be-good-for-the-market.html#comment-114 Anonymous, I like Ron Paul a lot. However, he is no longer running for President. What's more is free markets are not the only issue for the presidency. There issues like social safety net, education, the supreme court composition and on and on.<br/><br/>As much as I would prefer the free markets to socialism, the truth is that market solutions do not always produce the best outcome.<br/><br/>Why have government at all if one believes the free markets will solve all problem? In my view, it is because free markets can be rigged and manipulated. Moreover, free markets don't always lead to a 'fair' outcome. A free market can easily produce monopoly.<br/><br/>The role of government is to regulate the operation of those markets. Zero regulation is sub-optimal just as complete government regulation is.<br/><br/>The ideal balance lies somewhere in between. Anonymous, I like Ron Paul a lot. However, he is no longer running for President. What’s more is free markets are not the only issue for the presidency. There issues like social safety net, education, the supreme court composition and on and on.

As much as I would prefer the free markets to socialism, the truth is that market solutions do not always produce the best outcome.

Why have government at all if one believes the free markets will solve all problem? In my view, it is because free markets can be rigged and manipulated. Moreover, free markets don’t always lead to a ‘fair’ outcome. A free market can easily produce monopoly.

The role of government is to regulate the operation of those markets. Zero regulation is sub-optimal just as complete government regulation is.

The ideal balance lies somewhere in between.

]]> By: Anonymous http://www.creditwritedowns.com/2008/06/marc-faber-obamas-not-going-to-be-good.html#comment-113 Anonymous Thu, 17 Jul 2008 07:56:00 +0000 http://www.creditwritedowns.com/2008/06/marc-faber-obamas-not-going-to-be-good-for-the-market.html#comment-113 Explain to me how you can support Obama and still support free markets? Heck, explain to me how you can support McCain and be for free markets......<br/><br/>Ron Paul for president Explain to me how you can support Obama and still support free markets? Heck, explain to me how you can support McCain and be for free markets……

Ron Paul for president

]]>