Question for Brady, Higgs, Hummel, et al. on AIG Bailout
comments powered by Disqus
Mark Brady - 9/17/2008
My principal concern is that proposed government responses to the "crisis" -- credit expansion or efforts to prop up real estate prices or whatever -- will make matters worse. In other words, I want prices to clear. I suggest that many asset prices have some way to fall. The faster that prices clear, the sooner that market exchanges will increase and economic activity will expand. In that way, even investment bankers can find employment -- albeit at perhaps much lower compensation levels.
Steven Horwitz - 9/17/2008
My subject line says it all. :) The more "we" keep bailing out those who have used resources poorly, the more poor resources use we're gonna get. There's also the matter of who benefits from such bailouts. I'd like to hear more from my friends on the left decrying the implicit and explicit corporatism involved.
- Artist Corrects Inaccuracies At The George W. Bush Library With Augmented Reality
- “Unprecedented” discovery of mysterious structures created by Neanderthals
- This Man Spent 25 Years Documenting Every Day of Hitler's Life
- Anti-Gay, Pro-Creationism Birther Won’t Be Deciding What Textbooks Your Kids Read
- What About Us, Nagasaki Asks, as Obama’s Hiroshima Trip Nears
- David Lowenthal, author of "The Past Is a Foreign Country,” says it’s folly to scratch the names of slaveholders off buildings
- Jean Edward Smith, biographer of FDR and Ike, has a new biography coming out … of George W. Bush
- Flora Fraser, biographer of George and Martha Washington, wins $50,000 George Washington Prize
- Michael Cohen explains why he calls his book on 1968 “American Malestrom"
- Fredrik Logevall on Obama's Legacy