The Dark Bailout

[Ironslave]

 

[Duality]

why do you feel the bailout is bad? (i'm not for it, i just want to hear why from you)

 

[Ironslave]

why do you feel the bailout is bad? (i'm not for it, i just want to hear why from you)

I got this quote from Hazlitt

"The greater the amount of government spending, the more it depresses the economy. In so far as it is a substitute for private spending, it does nothing to "stimulate" the economy. It merely directs labor and capital into the production of less necessary goods or services at the expense of more necessary goods or services. It leads to malproduction. It tends to direct funds out of profitable capital investment and into immediate consumption."


This is a good article on it.

http://mises.org/story/3131

 

[Braaq]

The Bailout got Okayed by the Senate , I fear for this countries future... I really do.

 

[Hypocrisy86]

lulz, the past is catching up to us.

 

[Duality]

thanks for the article IS. it's not often you post an article and i read the whole thing...... and totally agree with it

 

[Ironslave]

thanks for the article IS. it's not often you post an article and i read the whole thing...... and totally agree with it

Its just basically screwing over the middle/lower class people everywhere. I think the real danger is once they (further) devalue the dollar, there will be big big problems.

 

[lifterdead]

Honestly, I don't fear the coming inflation and stock crash. I fear fear. Stupid people who become desperate do terrible, terrible things. All we need now is some fearless leader promising to clean up the mess by nationalizing everything. I hope it ain't Obama.