Comments on Do As We Say, Not As We Do

Yeah, well, the US is not some monolithic entity. I never said that the free market would solve everything, it was politicians and bureaucrats I didn't vote for who said that.

Third World countries that rejected structural adjustment programs have been doing better than those that caved. Says a lot about how much those motherfuckers know about economics, or how much they're willing to lie about it.

If they're too big to fail, then you're going to have to regulate them. Further, if the US is going socialist, then take control of the companies and do market controls (salary caps). The idea that the companies would get to choose which assets to pawn off to the govt from their balance sheets is lunacy.

We can only hope that this turns out to be a spirtual market correction and leads to some new economic theories that don't always put capital before people.

We can only hope that this turns out to be a spirtual market correction and leads to some new economic theories that don't always put capital before people.

As long as the world economy is intimately married to the performance of the US economy, then it is in everyone's interest to keep it afloat.

On the other hand, we preach to developing countries not to subsidize their banks because we are trying to maximize our profits and reduce our risks.

There is no comparison between the global impact of the US economy collapsing versus, say, Zimbabwe's or, even, France's (sorry, France).

The US consumer is the engine of the global economy. While it pisses me off that the Fed bails out bankers and lets people lose their homes, we have no choice.

the bailout is bullshit and illegal.