prole Posted October 21, 2008 Share Posted October 21, 2008 I think the best way to help this economy right now is to teach it a harsh lesson. Tough love, if you will. I'm gonna cash the check, but I'm going to stuff the bills in my mattress. Maybe convert it into Canadian first. Quote Link to comment Share on other sites More sharing options...
STP Posted October 21, 2008 Share Posted October 21, 2008 Some say it's a problem of insolvency not liquidity. Regarding corporate bailouts: Bernanke Is Fighting the Last War --WSJ Quote Link to comment Share on other sites More sharing options...
Fairweather Posted October 21, 2008 Share Posted October 21, 2008 Free money! Yahoooo!!! Quote Link to comment Share on other sites More sharing options...
prole Posted October 21, 2008 Author Share Posted October 21, 2008 Some say it's a problem of insolvency not liquidity. Regarding corporate bailouts: Bernanke Is Fighting the Last War --WSJ What's scarier, her prescriptions or the Treasury and Fed's tack? Free market fundamentalists operating under the simplest of assumptions like this give me the willies. ..."firms that made wrong decisions should fail," she says bluntly. "You shouldn't rescue them. And once that's established as a principle, I think the market recognizes that it makes sense. Everything works much better when wrong decisions are punished and good decisions make you rich." Like cold-war intellectuals debating the relative merits of "mutually assured destruction". Quote Link to comment Share on other sites More sharing options...
STP Posted October 21, 2008 Share Posted October 21, 2008 Which is scarier? Depends on what's driving the fear. If it's grounded on an irrational basis or it derives from emotions such as anger then perhaps I need to reexamine my perceptions. If I've looked at things rationally and still fear unknown consequences then maybe it's more of matter of being informed and perparing for that eventuality. I don't know if there is a correct answer but I see so many people pretending to act as if they know the absolute way (and not just the religious). I read Richard Dawkins, The Selfish Gene long ago and I agree with his arguments but I've never read any Ayn Rand. I'm not sure I agree that self-interest is above all. So yeah, philosophically I'm a little on the fence but I'm ready to fall squarely into the communitarian side for self-preservation. How's that for contradictions? RE: MAD doctrine. Makes sense as appropriate balance of power but at what social expense? Makes no sense on the social domestic level. But makes as much sense as complete disarmament. Or,...should I look at It from a Grand Narrative standpoint? Quote Link to comment Share on other sites More sharing options...
STP Posted October 22, 2008 Share Posted October 22, 2008 Maybe Bush should make the invasion of Cuba his last act: Cuba claims massive oil reserves--BBC News Quote Link to comment Share on other sites More sharing options...
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