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But without air travel it is harder to globalise, surely, and without globalisation there is poverty, and if there is poverty then there is, surely, a looming financial crisis?
Personally, I'm not heartbroken about the adjustment to house prices, but then I did not state earlier that the problem with regulation was:
So less incentive to build houses, renovate houses, provide rental property for those moving areas, less incentive to buy or sell so it becomes harder to buy or sell property when someone wants to move house or a property becomes vacant. So the housing market would be poorer for everyone.
This is exactly what is happening now. I also did not say:
in the example of the housing market, it all works very well the way it is now.
Mind you, I also did not draw a distinction between bailing out a bank (bad) and reassuring everyone with money in a bank that they, alone of investors, would be guaranteed to get all their savings back in order to encourage them to keep their money in a bank that would otherwise have failed (good). Basically, I have no idea what you're arguing here - except, broadly, that the current situation is fine, the government has applied exactly the right amount of control over business, but more free trade would be good, because it always is, but notwithstanding that everyone is and will continue to be fine and the last thing that anyone should do is try to anticipate or ameliorate whatever happens next. And that anything that appears to suggest that everything is not fine just doesn't exist.
Which is fine, as far as it goes, but I'm not sure where it goes. |
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