Economic collapse is imminent...and it is the fault of the US government...
Capitalism has not been allowed to operate in several important sectors in the United States. Health, housing, banking and also, lets not forget energy as subsidies to green energy have been a total disaster and hostility to fossil fuels have raised prices and efficiency. Just as an example, banking has not been a free market for 80 years. The banking system almost collapsed decades ago due to Regulation Q, where government mandated interest rate caps caused destructive disintermediation of deposits, loss of business portfolios, weakened financial structures and concentration of risks that led to the collapse of savings banks and commercial banks in the 80's and early 1990's. Regulation there has been a chimera that has not only led to suboptimal allocations of investment capital but also use of banks to carry out government social policy. This intervention in banking has not only caused banks to experience increased volatility, it has also destroyed the ability of the market to create and build other institutions that allow for greater latitude to handle natural volatility. Anyone that thinks that banks need regulation just does not understand how markets really work and only will allow misallocations to build up to be the catalyst for the ultimate collapse.
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