"The problem with socialism is you eventually run out of other people's money" - Margaret Thatcher
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design" - F.A. Hayek
It would be probably difficult to argue against that "the U.S. unemployment rate was lower at the end of 2010 than it would have been without these measures." Though, I wonder what the largely unforeseen long-term effects are as a result of the bailouts. Riskier lending because as a major bank I know who has my irresponsible back?
It would be probably difficult to argue against that "the U.S. unemployment rate was lower at the end of 2010 than it would have been without these measures." Though, I wonder what the largely unforeseen long-term effects are as a result of the bailouts. Riskier lending because as a major bank I know who has my irresponsible back?
ReplyDeleteAnd by this reasoning, ARRA worked as well?
ReplyDeleteHey Armie: You mean it didn't?
ReplyDeleteI'm a fan of John Taylor's analysis.
ReplyDelete