Comments by "whyamimrpink78" (@whyamimrpink78) on "Ted Cruz Picks The Worst Economic Adviser Of All Time" video.

  1. +Gavin Smith When Kyle mentioned the Glass-Steagall Act repeal and connecting it to the cause of the recession then I tuned out. The myth of the Glass-Steagall repeal causing the recession has been debunked long ago.
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  2. +Christian Knuchel http://www.npr.org/sections/thetwo-way/2015/10/14/448685233/fact-check-did-glass-steagall-cause-the-2008-financial-crisis http://www.politifact.com/truth-o-meter/statements/2015/aug/19/bill-clinton/bill-clinton-glass-steagall-had-nothing-do-financi/ It was not the reason for the recession. If anything it was minor, but at that point it is like saying the min. wage increase caused the recession. Liberals claim that de-regulations caused the recession. When you ask which one the only one that comes up is Glass-Steagall. When looked into it is clear to see it goes beyond that. The fact is that recessions happen. How we recover is key. Big federal government hinders growth. The bailouts were the problem along with programs like the FHA. Adding more government is not the solution.
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  3. +Preem Actually government creates monopolies by making it too expensive for start up companies to rival current companies. Plus why do you oppose greed? The reality is that everyone has it. Businesses get profits by selling a product others desire. Government gets money by force.
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  4. +Preem "That's a pretty big generalization ." Ironic because you made the generalization of how "The free market strategy does not control greed" when it does. If someone is not willing to pay workers the market rate then they won't get good workers and will fail as a business. If a business is not willing to sell a product for a lower price then they will fail as a business. "And it isn't governments place to aid new companies" I agree. "And what youre saying about that has 0 to do with what my comment was." It does because you said "Austrian economics, and laissez faire doesn't work. The free market strategy does not control greed" "And I oppose excessive greed and monopolies because it breeds corruption." Corruption does not happen in the free market. So you are opposing a very program that will stop something you don't like. "America has become due to conservative economic policies over decades and look where we are. Lobbies, special interests, politicians are taking millions in legalized bribes. How can you say that this system works?" All of that is not the free market or capitalism. It is corporatism. That is the result of too much federal government with no bounds or limits. If you want to go against corruption then place limits back on the federal government and go back to smaller, more local government.
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  5. Fun fact: The Glass-Steagall Act repeal did not cause the recession.
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  6. +No Google I don't want to use my real name Kyle was alluding to it that it was
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