Reader comment on: Bloomberg on Banks
Submitted by John Gillis (United States), Jun 19, 2012 18:26
My thought: laissez-faire.
That, of course, means "hands off". And in this case means that the government should not be involved in banking. Period. So, the market-based solution is correct -- get the government out of the economy and specifically out of the banking industry, entirely. The government's only moral job is to protect individual rights, and offering deposit insurance is not part of that job description.
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