Comment Re:human nature (Score 1) 351
The credit problems and the various bubbles are rooted in a few generic problems: 1. People taking part in the markets are often poorly informed and irrational. 2. Over a short period some people can cheat a market for higher profits and often escape the consequences of doing so.
The credit problem and the various bubbles are rooted in one thing: the federal reserve. As long as our money is based on the ridiculous joke of fractional reserve banking (i.e. banks are allowed to lend out more money than they have in cash deposits) the existence of the boom-bust cycle is guaranteed. Faith belongs in religion, not in our banking system!