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Markets are up, what more evidence do you need that...?
  1. the economic crisis is not that bad
  2. it's the governments' fault
  3. financial innovation is the key to growth
  4. the bank rescues worked
  5. the crisis came out of the blue, nobody could have anticipated it
</snark>

The peak-to-trough part of the business cycle is an outlier. Carnot would have died laughing.
by Migeru (migeru at eurotrib dot com) on Thu Jul 16th, 2009 at 09:05:12 AM EST
6. Regulation is Death

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
by ChrisCook (cojockathotmaildotcom) on Thu Jul 16th, 2009 at 10:10:02 AM EST
[ Parent ]
Worse than that, it's <gasp> Socialism!

Pardon me for using dirty words in this nice clean story.

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman

by dvx (dvx.clt ät gmail dotcom) on Thu Jul 16th, 2009 at 11:12:43 AM EST
[ Parent ]
how dare you suggest we harness our gorgeous, lean ferrari to the grubby, battered plough of public benefit!

(after pulling it out of the ditch we drove it intoand giving it Another Freaking Trillion paint job!)

~Government budget deficits are not nearly as dangerous as the deficits we have created in vital and complex natural systems.~ Naomi Klein.

by melo (melometa4(at)gmail.com) on Thu Jul 16th, 2009 at 09:06:37 PM EST
[ Parent ]

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