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  • The Trouble with Rescues and Stimulus [View article]
    [how can we ”rescue” and “stimulate” the economy without encouraging the “living beyond our means” mentality that is so harmful to the longer-term health of our economy?]

    We can't- those two objectives are mutually exclusive.

    Criticizing the banks for not immediately lending the money seems crazy to me.

    Did they inject this capital to improve the health of the institutions? If so, then they should be allowed to decide how best to do that.

    Taking that money and immediately loaning it just because they were scolded would later be seen as irresponsible. Then the legislators would have to castigate the banking industry for "making the problem worse."

    You can't win when you have ignorant people deciding how we're going to "fix" the problem with government money.
    Nov 02 08:56 am |Rating: 0 0 |Link to Comment
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