Definatly, we need SOME controls. I was not talking about anarchy, I was talking of a republic, which seems to be the same as you are thinking of.
The most perfect example of a Republic is the American Constitution. They saw the problems of the Roman empire and other empires and decided to make laws to prevent those problems re-occurring.
The strict rules on lending, power of governments etc seem to have totally dissapeared.
I TOTALLY agree that rates were too low, and I don't think I have said otherwise??? If the interest rates were set by the free market they would have NEVER got this low.
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