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That plus the large tax cuts aimed pretty much exclusively at the rich -- give all of the asset holders a bunch of extra liquidity and remove ordinary T-notes a
by jbooth 17y ago
That plus the large tax cuts aimed pretty much exclusively at the rich -- give all of the asset holders a bunch of extra liquidity and remove ordinary T-notes as an option by setting rates lower than inflation even while borrowing a ton of money..
You're gonna get a bubble somewhere -- that money has to go somewhere.
- roc 17y agoBut bubbles in and of themselves don't lead to the systemic crisis we just went through. There were plenty of policies I disagreed with and plenty more that fueled the bubble. But I was talking specifically about the problems that lead to the credit crisis, paralyzed markets and generally gummed things up above and beyond a popped bubble.