An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Thursday, June 11, 2009
China’s New Lending Doubles, Helping to Fuel Economic Recovery
Because they are not hindered by idiotic and inapplicable beliefs such as, "taxpayer on the hook." We are. Our beliefs ensure that China will soon overtake us as the world's number one economic superpower.
We are in Savings and Loan Crisis Part II : goin' nation/global wide
Tax Reform Act of 1986 and it's relation to the Savings and Loan crisis of the 1980's which put tax payers on the hook - Even Neil Bush had HIS bank fail -
If the Feds put things back together after the bailout of the S & L , then you have a case example where :
1. tax payers were not on the hook 2. government intervention work sucessfully 3. Norman's explanation of credits applied historically 4. deregulation bad new etc
And american politicians and media will blame it on the trade deficit.
ReplyDeleteWe are in Savings and Loan Crisis Part II : goin' nation/global wide
ReplyDeleteTax Reform Act of 1986 and it's relation to the Savings and Loan crisis of the 1980's which put tax payers on the hook - Even Neil Bush had HIS bank fail -
http://en.wikipedia.org/wiki/Savings_and_Loan_crisis
cut and paste this link back together
If the Feds put things back together after the bailout of the S & L , then you have a case example where :
1. tax payers were not on the hook
2. government intervention work sucessfully
3. Norman's explanation of credits applied historically
4. deregulation bad new
etc
Yes, they'll blame it on the deficit.
ReplyDelete