Comments on EconomicPolicyJournal.com: The Paulson Plan And The Rise Of The American Olig...

To me a better alternative would be a temporary su...

2008-10-03T22:41:00.000-04:00

To me a better alternative would be a temporary suspension of mark-to-market and a devaluation of the dollar along with economic stimulus in the form of cutting taxes on capital. Politically, none of that would likely be effective or possible. I still think that some inflation (devaluation) will be neccessary, since this problem far exceeds the .7 trillion allocated so far.

The point is Miron's plan will work. Bringing liqu...

2008-10-02T09:36:00.000-04:00

The point is Miron's plan will work. Bringing liquidity to poorly structured products is nuts and simply rewards the incompetent and the shifty.

The problem I have with Miron's point is that he d...

2008-10-02T09:28:00.000-04:00

The problem I have with Miron's point is that he doesn't care how long it takes for the market to work just as long as it ultimately happens. I'm not sure that this is the situation in which we currently find ourselves.

@ ChrisHowardYou mention that "a real bailout woul...

2008-10-02T08:44:00.000-04:00

@ ChrisHoward

You mention that "a real bailout would have sent money to the banks..." Isn't that exactly whjat didn't work in Japan?

First,my comment about saving the banks was specifically about that. If you make them solvent you save, thats an equation Assets > Liabilites. Saving the banks would be a good start to saving the economy,

As Harvard economist

Crisis like this are a normal part of the capitali...

2008-09-30T10:30:00.000-04:00

Crisis like this are a normal part of the capitalist system. Whether or not the economy survives this most current crisis is irrelevant in the big picture. Think of the billions of people across the globe that have suffered and died as a result. We need a controlled economic system that will guarantee equality and prosperity for all rather than one that rewards ruling class gambling mobsters

This plan would never work. People will be fooled ...

2008-09-29T22:55:00.000-04:00

This plan would never work.

People will be fooled that the reason that the market tanked today was because the plan was voted down. In fact, the market was tanking before the plan was voted down - and everyone assumed it would pass. Also, by banning short selling they prevented short sellers from *covering* their shorts and helping to put a floor on the market.

The problem is

TommyYou mention that "a real bailout would have s...

2008-09-29T12:57:00.000-04:00

Tommy

You mention that "a real bailout would have sent money to the banks..." Isn't that exactly whjat didn't work in Japan?

TommyIf I understand you correctly, you are saying...

2008-09-29T12:55:00.000-04:00

Tommy

If I understand you correctly, you are saying that only a favored few "won". That presupposes that the credit markets are not going to loosen up and that this may create a degree of confidence that has been lacking.

I may not have seen all your posts on this topic, but what alternative do you see as better and fairer?

@ ChrisHowardThe point is that the oligarchs won a...

2008-09-29T11:13:00.000-04:00

@ ChrisHoward

The point is that the oligarchs won and no one else. This does not even protect the banks that are going to fail. It ONLY puts money into yhe pocket of the oligarchs, it is a shell game to fool the public.

A real bailout would have sent money to the banks in trouble, that the billionaires are the only ones in favor tells you where this money is really going.

Even if the Oligarchs won, what was the alternativ...

2008-09-29T10:52:00.000-04:00

Even if the Oligarchs won, what was the alternative? The credit markets have dried up from all accounts and doing nothing was not an option.