Display:
Wait to see if the last round of bank bailouts is helping? I mean, as opposed to pumping even more money in and then seeing if it is helping.

--
$E(X_t|F_s) = X_s,\quad t > s$
by martingale on Sat Apr 4th, 2009 at 06:44:30 AM EST
[ Parent ]
Well, taxing the richer classes and investing the proceeds into energy efficiency would seem a great thing to do in the meantime...

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi
by Cyrille (cyrillev domain yahoo.fr) on Sat Apr 4th, 2009 at 06:46:47 AM EST
[ Parent ]
Well, bank bailouts don't work and pumping more money into them is not what Merkel is opposing. She's opposing pumping more money into the real economy.

Fiscal conservatives will make the recession worse.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Sat Apr 4th, 2009 at 07:22:48 AM EST
[ Parent ]

Display:
Login
. Make a new account
. Reset password
Occasional Series