Comments on: The Bailout Gets a “Bronx Cheer”

By: Dedalus

Dedalus — Mon, 16 Feb 2009 04:22:01 +0000

“He evinces a combination of wonkishness and college kid socialism.”

Sentences like that are why I like blogs in general, and this one in particular.

By: resh

resh — Sun, 15 Feb 2009 18:46:50 +0000

Oops. I mean, succeed with the former.

By: resh

resh — Sun, 15 Feb 2009 18:45:28 +0000

Yea, CBH, good point. If you get a chance, explain to me why this stimulus is different than Bush’s spending-aren’t we just shifting dollars from Paul to Peter rather than Peter to Paul?

Or is there some mystical value in spending on bridges, museums and the unemployed versus medicare, the middle class and defense? I don’t get that part. Why do we succeed with the latter?

By: Christopher_Bitner_Hayes

Christopher_Bitner_Hayes — Fri, 13 Feb 2009 22:59:22 +0000

resh – to say the housing market comes with investments is to follow the confused language of our day. A true investment would be the transfer of equity, as opposed to the creation of more debt. Real capital is in short supply these days. I absolutely agree that the psuedo-banks like Citi need to get dried up a bit, just like the way the regular banks sell debt for the credit card companies. I think it’s a toss up whether the “next big finance fiasco” will be commercial real estate or one of the big 4 credit card companies (my money is on discover card going under).

Lefty – the Keynesian vs. Austrian debate, to me, comes down to the question of whether the State can predictably make long-term positive impacts on anything as complex as the daily economic activities of a entire nation.

At what point do we trigger hyper-inflation with a go-go-go spending policy? We don’t know, but why head that direction so strongly? I’d rather live meagerly today and better tomorrow than the other way around.

By: Lefty

Lefty — Wed, 11 Feb 2009 20:52:08 +0000

“[L]oose money is the chief cause of the business cycle”? Only in the strange world of Austrian School economists, who have fooled themselves into thinking that the recessions of the 19th century were shorter and less harsh than what we usually get nowadays.

BTW, I question the stimulus bill myself.

By: resh

resh — Wed, 11 Feb 2009 14:07:45 +0000

Roach, what are you doing waxing common-sensical out here in the thin-air blogosphere?

Good grief, man. Send your resume/writings to NRO or the Federalist Society-or even to the NYTimes if you must. We need more intelligent views in the front-center agora, especially now on the right.

BTw, why not drop the mortgage rates and get the housing market rocking? Forget the toxic paper-get on with new investments, already.

And get rid of these artificial banks like Citi. Enough, man.

By: rjjrdq

rjjrdq — Wed, 11 Feb 2009 06:34:44 +0000

Try multi-trillion dollar bailouts. That’s tax cheat Geithners plan for the banks, and the rest of his pals on Wall Street.