5 ms·
Nothing is exactly the right thing to do.
by pj 18y ago
Nothing is exactly the right thing to do.
- jacquesm 18y agoMaybe. How about repossessing some of that money that got removed from the economy by the people that got us in to this mess in the first place. Makes you wonder how much of that '2 trillion' came out of the system in an illicit way in the first place. After all, all that money missing must have gone somewhere.
- jacquesm 18y agoIf you disagree with me I'd be much obliged to hear why.
- mattmaroon 18y agoI don't think its disagreement so much as you're confusing what happened. $2 trillion in wealth disappeared, not money. There's a big difference, it doesn't "come out of the system". It's simply people valuing things at less than they did before. It's not stolen, they way dollar bills would be if $2 trillion in money disappeared.
- hackinthebochs 18y agoThat money never existed in the first place. The "value" of the assets were based on people's confidence in it continuing to rise. Once that confidence evaporated, so did the "value". The problem is how connected the financial system became to these bubble assets.
- jacquesm 18y agoI don't think that's the whole of it. Especially in the case of the resale of the bad debt packages real money changed hands for future revenue based on a misrepresentation of the facts about these packages on the part of the seller. That money should be recoverable.
- calambrac 18y agoStupid grammar, making that sentence ambiguous. I can't decide if I'm annoyed that you would post one sentence saying you agreed with the article (there's a little arrow for that), or if I'm cowed into meditating on the idea that quests for perfection are doomed.
- jeremyw 18y agoThe grammar is perfect. Do we want chance of extended pain or foreshortened? Given the purportedly uncharted macroeconomics, each solution could give us either outcome. It's a many-worlds interpretation (http://en.wikipedia.org/wiki/Many-worlds_interpretation http://en.wikipedia.org/wiki/Many-worlds_interpretation). But boy, if will be wonderful wasteful fireworks, 2 trillion manically disbursed.
- kubrick 18y agoIsn't that saying "let them eat cake?"
- laut 18y agoNo.
- laut 18y agoPlease explain how you think it is like the french expression you are referring to.
- kubrick 18y agoFrench revolution, a certain Marie A. is said to have responded to the question of the fate of the masses with "let them eat cake". It's paralleled here by this guy's suggestion that we should just let the market do its work, human consequences be damned.