The problem with the "let the market sort it out" approach, is that it might work ,if we had a free and fair market. Is the present situation the result of some socialist plot? Or maybe, just maybe, unfettered capitalism, ie "greed is good", may not be the best way to run a society. The "government slush fund" mantra starts to wear a bit thin in the present circumstances. Government controls haven't been the cause of this mess.
"Fiat Money" by the way, is intrinsic to a capitalist free market system, and I would agree needs more controls than it has had for the last 30 years.
Who do you propose for that regulatory role?
VPG ,IMO, like a lot of these penny dreadful LPT's, may or may not survive. A lot of upside if it does.
The Rudd scheme increases, a little, the chances of firms like this surviving, until or if , the credit freeze abates.
Wouldn't call it investment, but probably better odds than the casino.
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