Alliedassault - View Single Post - US government warns it's running out of cash

c312 · 01-02-2006, 12:27 AM

America was based on Adam Smith's laissez faire economy of little governmental control...We try to keep the economy out of the hands of the government except in a regulatory role (to prevent trusts/monopolies and whatnot) and some other minor exceptions ie: Amtrak and the Post office being governmental corporations...The only reason we have any governmental control is because of the ways capitalism has affected people in different ways in different periods like regulatory commissions after the Great Depression and anti-trust laws from the guilded ages.

I may be wrong, but what I'm getting from what you are saying is that it you think the US government controls the economy which is only true to a very small extent.

	(#12)
c312 is Offline Command Sergeant Major Posts: 2,769 Join Date: Jul 2005 Location: Virginia	01-02-2006, 12:27 AM America was based on Adam Smith's laissez faire economy of little governmental control...We try to keep the economy out of the hands of the government except in a regulatory role (to prevent trusts/monopolies and whatnot) and some other minor exceptions ie: Amtrak and the Post office being governmental corporations...The only reason we have any governmental control is because of the ways capitalism has affected people in different ways in different periods like regulatory commissions after the Great Depression and anti-trust laws from the guilded ages. I may be wrong, but what I'm getting from what you are saying is that it you think the US government controls the economy which is only true to a very small extent.