Let’s Apply Some Logic

Posted by bruni on October 06, 2008

Currently, my television is repeatedly sending me the message that "we must act quickly" on the bailout package to avoid "dire consequences."

If it is true that we have come to a "point of no return" where swift action is required immediately, why didn’t these very smart people who are now FULLY AWARE of the crisis facing America notice it sooner and make the general public aware of the impending crisis?

Logic would indicate to me that this plan is being rushed through as quickly as possible in order to avoid Congress making changes to the plan.
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Repel the calls to contain competitive markets

Posted by bruni on August 16, 2008

By Alan Greenspan

Published: August 4 2008 18:54 | Last updated: August 4 2008 18:54

The surprise of recent months is not that global economic growth is slowing, but that there is any growth at all. The credit crunch of the past year has not followed the path of recent economically debilitating episodes characterised by a temporary freezing up of liquidity – 1982, 1989, 1997-8 come to mind. This crisis is different – a once or twice a century event deeply rooted in fears of insolvency of major financial institutions.
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Joseph Stiglitz argues that the "left" are best for economic growth

Posted by bruni on August 13, 2008

Both the left and the right say they stand for economic growth. So should voters trying to decide between the two simply look at it as a matter of choosing alternative management teams?

If only matters were so easy! Part of the problem concerns the role of luck. America’s economy was blessed in the 1990s with low energy prices, a high pace of innovation, and a China increasingly offering high-quality goods at decreasing prices, all of which combined to produce low inflation and rapid growth.
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