New Reply

Post a Reply

Thread: 120 economists oppose Paulson's Proposed 700 billion bailout!

Title: (100 characters at most)

Content: ( 3,000 characters at most, please )

You can add emoticons below to your post by clicking them.

[quote=APAULT,326053]The only thing that is certian is that this is not a black and white issue unless to take an extreme philosophic position.

If you are totally 'free market' then the bailout is wrong and the points Yvonne makes are valid.   In the long run, the markett will work it out, but what if the world economy collapses - wouldn't it have been pretty stupid to have done nothing.   Unfortuately the self balancing of the free market may move through some extremes to get in balance, and it ignores the fact that it affects real people with real lives.

So many world leaders and economists agree that there should be some government involvement.  The issue then becomes what this intervention should be and how to minimise the unintended side effects such as subsidising the shareholders of those organisations.  I am not interested in the details, but I believe that these can be achieved.  The biggest potential problem is point 2: "the pllan is ambiguous".... unfortunately we have seen too many knee jerk reactions from the US government and I fear this will be another.  Ambiguous: what a polite word!  On past performance, Bush and his advisors are incapable of handling the problem properly... but still, action is needed.[/quote]

characters left

Name:

Get a new code