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Actually the market can help itself. It currently is in the process of having home prices revert to their historical relationship to incomes. Once that's done, people will be able to afford houses again, and thus start buying them again. Proping up home prices just rewards those who made bad decisions while punishing those who waited.
Aviking @ 8:10 AM PDT, Oct 31, 2008
What we face is a political challenge masquerading as an economic challenge. We know now that "free market capitalism" is a quaint, contrived notion that wealthy, powerful, privileged folks have used against the overwelming majority to justify and legitimize public policies that promote and consolidate their class interests. Its called class war. Governments pick winners and losers. Profits are private. Losses are socialized. Its fine for big government to solve wealthy folks' problems. But not working and poor folks' problems. So its no longer a question of socialism or not. Its socialism for who?
Mark Williams @ 6:36 AM PDT, Oct 31, 2008
$11 trillion in national debt, and far more in unfunded liabilites? Much too difficult to comprehend. Instead, fire up the monetary printing presses, full speed ahead! After all, it's a sure thing, until it no longer is.
jeff bullock @ 1:50 AM PDT, Oct 31, 2008