RealityLicks
Posts: 1615
Joined: 10/23/2007 Status: offline
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ORIGINAL: Mercnbeth When a government provided money to "save" a person or an industry it is welfare. It comes with a high price. With individuals it begets entitlement and laziness. With industries it begets entitlement and expectation; and is used in future business plans as a 'worst case' proviso. I think the central banks act only when there is a chance of a damaging impact on the economy threatened. If a recession can be lessened or avoided, it is incumbent on any administration to take such action as they can. That is not to say that impunity should automatically be afforded to those who make unwise investments - I can see where that principle would only encourage imprudence. However, central banks are predictable largely - they need to be since the money markets rely strongly on a sense of confidence. The problem you, as a free market capitalist, have is that that confidence is native to your system and that deregulation only heightens its effects. Those on low and middle incomes will bear the brunt of any recession, while the money men wait for the market to bottom out before beginning the whole charade again. I don't have the in-depth knowledge to outline how this can be avoided but there certainly are safer ways to work, which minimise the risk of recession. quote:
A "short term fiscal measure" is what the personal income tax was called. Any chance of that going away? I hope not. I'm quite partial to motorways, street lighting, policing, schools and other "comforts" of being a "socialist" and want to live among others who share their benefits. quote:
Expecting a safety net seems to be a generational thing. Most supporting welfare were never allowed to fail. They want some benevolent nanny government to protect them from the consequences of their decisions and actions. It is a damaging and defeatist philosophy. It is a path for having more and more liberties taken away because with government protection comes government intervention and infringement of the freedom of choice. You know I think that's crazy, so I'll just move on... quote:
There are and will be increasing government intervention proportional to the government bail out. Usually whoever is going to pay the check picks the restaurant. I'd prefer the personal ability to make that choice and not have a government providing lunch money but insist I go to a PAC connected McDonald's for gourmet dinning. If you're referring to fiscal policy, I'd concede your point is not entirely unwarranted but if, as I believe, the Fed has a measure of autonomy from government, I wonder what the practical way would be of achieving that measure of control for the electorate?
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