re: What's your view on the bailout?

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ER — 9/26/2008 8:25:31 PM (archived)

I really don't know what to think. I'm not really qualified to comment on these matters because I am not very knowledgeable about economics. Come to think of it, I'm not sure anybody is. What my instincts are screaming at me though is "don't let ideological considerations enter into this". Letting a Libertarian or a Neocon dictate what happens next is as crazy as letting a doctrinaire Marxist handle it. They all have axes to grind and believe God only speaks to them. And of course, people who actually work in the industry have a monetary conflict of interest, regardless of what their politics are.

Unfortunately, economics is not physics; every economic school is tied to some political philosophy, no matter how much individual economists may claim it isn't true.

The whole thread (22 posts)

The cause of this collapse is identical to the 1929 collapse. - Bowser - 9/26/2008 4:03:28 AM
- Here's what we can do about it - Lindy - 9/26/2008 4:50:03 PM
  - This is why I get nervous when liberals want to run the economy. - TB - 9/26/2008 9:37:19 PM
    - Tell me exactly what could be worse than what you Conservatives have done? - Bowser - 9/27/2008 4:29:55 AM
  - I vote for your plan. - REB - 9/26/2008 7:04:06 PM
    - A nice idea, but... - Socrates II - 9/26/2008 8:22:00 PM
      - Excuse me for butting in but.... - Eri - 9/26/2008 11:16:46 PM
      - re: A nice idea, but... - REB - 9/26/2008 8:33:30 PM
        
        Blaming Obama's social programs already? Have you read about the Bush deficits? - Bowser - 9/26/2008 9:14:46 PM
        
        No Blame- It's a fair question. - REB - 9/26/2008 9:26:03 PM
        
        I, too, would like to know. - Mary Anne - 9/27/2008 11:29:30 PM
- "we lost your money the old-fashioned way...we burned it." - ER - 9/26/2008 1:43:01 PM
  - Here's the question... - TB - 9/26/2008 7:03:04 PM
    - re: Here's the question... - ER - 9/26/2008 7:37:36 PM
      - re: Here's one answer - TB - 9/26/2008 8:50:54 PM
      - Another answer - Lindy - 9/26/2008 8:17:06 PM
        
        re: Another answer - ER - 9/26/2008 8:34:15 PM
        
        "the rising prices are directly the result of supply and demand" - Lindy - 9/26/2008 9:26:13 PM
      - What's your view on the bailout? - Lee - 9/26/2008 8:09:08 PM
        
        re: What's your view on the bailout? - ER - 9/26/2008 8:25:31 PM
- Will the response be the same? (n/t) - podrock - 9/26/2008 4:52:04 AM
  - Can't be. - Yeti - 9/26/2008 1:47:48 PM

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