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Sunday, January 27, 2008

A Keynesian Corner

Here is my recent Townhall piece. As always, skim the comments. Aren't these people supposed to be Rush Limbaugh fans and support the free market? Man.

6 comments:

  1. "The idea seems to be that if we all just ignore the recession, it will get bored and go away."

    Great line!

    ReplyDelete
  2. Anonymous9:25 PM

    Nice article.

    ReplyDelete
  3. Brian N.4:27 AM

    "I find it hard to believe that banks, borrowing from sovereign wealth funds around the world and accessing the Federal Reserve's newest Term Auction Facility, would be in a financial position to lend freely from new savings."

    Maybe I misinterpret this statement, but isn't this ignoring that whole fractional reserve thing? Theoretically there's nothing wrong with a fractional reserve requirement. Historically, on the other hand...well, we're all about to see how bad it can get, aren't we?

    ReplyDelete
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