olyclimber Posted February 14, 2008 Share Posted February 14, 2008 http://www.reuters.com/article/ousiv/idUSGOR27660220080212?pageNumber=1&virtualBrandChannel=0 Quote Link to comment Share on other sites More sharing options...
tvashtarkatena Posted February 14, 2008 Share Posted February 14, 2008 http://www.reuters.com/article/ousiv/idUSGOR27660220080212?pageNumber=1&virtualBrandChannel=0 What? We're already loaning ourselves money. Don't cry for me, Argentina. Quote Link to comment Share on other sites More sharing options...
Hugh Conway Posted February 14, 2008 Share Posted February 14, 2008 SOOOOOOOOOOOOOOOOOO EEEEEEEEEEEEEEEEEEEEEY Quote Link to comment Share on other sites More sharing options...
KaskadskyjKozak Posted February 14, 2008 Share Posted February 14, 2008 I'm gonna lend myself money and go on a spending spree! Quote Link to comment Share on other sites More sharing options...
olyclimber Posted February 14, 2008 Author Share Posted February 14, 2008 what ever happened to capitalism? can't the free market work this out? Quote Link to comment Share on other sites More sharing options...
archenemy Posted February 14, 2008 Share Posted February 14, 2008 The build up of a credit bubble in recent years was similar to the late 1920s run-up to the Great Depression, he said. What? There was a lot of paper wealth built up, but it wasn't a credit bubble as far as I understood... JayB? Explain this to us dummies. Quote Link to comment Share on other sites More sharing options...
G-spotter Posted February 14, 2008 Share Posted February 14, 2008 We're from the government, and we're here to buy you out. Quote Link to comment Share on other sites More sharing options...
JayB Posted February 14, 2008 Share Posted February 14, 2008 Insanity. Quote Link to comment Share on other sites More sharing options...
G-spotter Posted February 14, 2008 Share Posted February 14, 2008 Are you a CEO that ran your company into trouble through shoddy business practices? Hey, why worry. The government will reward your incompetence with wads of cash, keeping your shitty business alive. It worked so well in Japan and South Korea, and Northern BC too. Why not try it in America? Quote Link to comment Share on other sites More sharing options...
archenemy Posted February 14, 2008 Share Posted February 14, 2008 Or, just move to Canada. Quote Link to comment Share on other sites More sharing options...
Hugh Conway Posted February 14, 2008 Share Posted February 14, 2008 Insanity. expecting different results from the same process? Quote Link to comment Share on other sites More sharing options...
archenemy Posted February 14, 2008 Share Posted February 14, 2008 I'm saying that I don't think it is the same process. Maybe I just missed that day in class? Quote Link to comment Share on other sites More sharing options...
JayB Posted February 14, 2008 Share Posted February 14, 2008 Are you a CEO that ran your company into trouble through shoddy business practices? Hey, why worry. The government will reward your incompetence with wads of cash, keeping your shitty business alive. It worked so well in Japan and South Korea, and Northern BC too. Why not try it in America? Reverse optimization of the asset allocation problem. Perfection. Quote Link to comment Share on other sites More sharing options...
JayB Posted February 14, 2008 Share Posted February 14, 2008 Insanity. expecting different results from the same process? The task for this group is to find ways to incorporate the genius that this policy embodies into mountaineering. 1. If you suspect that you are on the verge of getting lost, forcibly transfer the map and compass to the guy who has shown the least capacity to use them.... Ther Quote Link to comment Share on other sites More sharing options...
sirwoofalot Posted February 15, 2008 Share Posted February 15, 2008 Insanity. expecting different results from the same process? The task for this group is to find ways to incorporate the genius that this policy embodies into mountaineering. 1. If you suspect that you are on the verge of getting lost, forcibly transfer the map and compass to the guy who has shown the least capacity to use them.... Ther Here, let me take that map and compss from you. I dont' know what a declination is, or how to read a map, but what the heck. Quote Link to comment Share on other sites More sharing options...
Hugh Conway Posted February 15, 2008 Share Posted February 15, 2008 Insanity. expecting different results from the same process? The task for this group is to find ways to incorporate the genius that this policy embodies into mountaineering. 1. If you suspect that you are on the verge of getting lost, forcibly transfer the map and compass to the guy who has shown the least capacity to use them.... I'd say this is partly - "I'm going to freesolo IceNine in January nude beacuse there will always be someone with a chopper waiting to bail me out" or is that more Northern Rock? Quote Link to comment Share on other sites More sharing options...
prole Posted February 15, 2008 Share Posted February 15, 2008 (edited) Are you a CEO that ran your company into trouble through shoddy business practices? Hey, why worry. The government will reward your incompetence with wads of cash, keeping your shitty business alive. It worked so well in Japan and South Korea, and Northern BC too. Why not try it in America? Reverse optimization of the asset allocation problem. Perfection. Whoa! Stop the presses again. Are you telling me that the business and ruling classes will attempt to preserve their wealth during periods of economic crisis and use state power to do so? Like, OMFG. And workers will support it to keep their jobs? Huh, I guess no one's willing to commit social suicide for the free-market utopian jihad except the economists. Oh wait... Edited February 15, 2008 by prole Quote Link to comment Share on other sites More sharing options...
KaskadskyjKozak Posted February 15, 2008 Share Posted February 15, 2008 yep, and that includes a communist nomenklatura ruling class, prole Quote Link to comment Share on other sites More sharing options...
prole Posted February 15, 2008 Share Posted February 15, 2008 Yep. Your point? Quote Link to comment Share on other sites More sharing options...
JayB Posted February 15, 2008 Share Posted February 15, 2008 Are you a CEO that ran your company into trouble through shoddy business practices? Hey, why worry. The government will reward your incompetence with wads of cash, keeping your shitty business alive. It worked so well in Japan and South Korea, and Northern BC too. Why not try it in America? Reverse optimization of the asset allocation problem. Perfection. Whoa! Stop the presses again. Are you telling me that the business and ruling classes will attempt to preserve their wealth during periods of economic crisis and use state power to do so? Like, OMFG. And workers will support it to keep their jobs? Huh, I guess no one's willing to commit social suicide for the free-market utopian jihad except the economists. Oh wait... The assumption that all businesses, wealthy people, etc have a common interest in a unitary policy approach is quite amusing. As is the notion that unprofitable enterprises going out of business is an unequivocally bad thing. The fact that your personal economic ideal lacks an efficient mechanism for doing so, along with an effective mechanism for allocating resources, coordinating supply and demand constitute some of the principal reasons why societies with economies based on your model did so well in the twentieth century. Quote Link to comment Share on other sites More sharing options...
kevbone Posted February 15, 2008 Share Posted February 15, 2008 I'm gonna lend myself money and go on a spending spree! That is what Bush did except we loaned him the money and he went on a killing spree through Iraq! Quote Link to comment Share on other sites More sharing options...
JayB Posted February 15, 2008 Share Posted February 15, 2008 There will be no shortage of money losing enterprises in the news in the next year. I encourage Prole to find one of them and give them all of his money, or better yet, he can author an agreement to have the government transfer all of his earnings to them to keep them in business indefinitely. Follow this one simple step, and your prosperity will be assured. Quote Link to comment Share on other sites More sharing options...
olyclimber Posted February 15, 2008 Author Share Posted February 15, 2008 Don't worry Jay, the state will take care of that for all of us. Think of the savings you'll have in money management software alone! Quote Link to comment Share on other sites More sharing options...
JayB Posted February 15, 2008 Share Posted February 15, 2008 I'm thinking of hedging in pesos to protect my savings... Quote Link to comment Share on other sites More sharing options...
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