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Repeat 3 times: "The stock market is not the economy." A bailout is _good_ for the stock market, especially the financial sector, since it means the government
by giardini 19y ago
Repeat 3 times: "The stock market is not the economy."
A bailout is _good_ for the stock market, especially the financial sector, since it means the government will back any bad decision the top 20 Wall Street firms make.
A bailout is bad for the economy because it will devalue the currency, fire inflation, keep firms alive that should have been killed, and make unavailable capital that would otherwise be available to new firms. Can you say "Stagflation"?
- davidw 19y agoMy point is that the title of the actual article would do just fine, without adding "the sky is falling! the sky is falling!" to it.
- jey 19y agoI agree that the headline used is sensationalistic, but most people don't know who Paul Krugman is, and "The B Word" leaves a lot to be desired as a headline. I would suggest the headline: Paul Krugman: "a bailout is inevitable" That makes it clear that it's an opinion piece, and clearly conveys the core message of the post.