Reader comments: Leaders needed to fix our economy
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Earl | 4:43 p.m. March 23, 2008
Alan Blinder is the quintessential insider when it comes to Keynesian economics and central banking. He is correct in chastising Republicans and the Bush administration for adopting the mantra of lassaiz-faire, not because it doesn't work, but because they have never adopted its practices. Central banking by its very nature is interventionist. A true lassaiz-faire system would adopt a hard currency without a central bank. The economic crisis we're encountering now is a result of the artificial bubbles created by the Fed, and by the huge expenses of the Iraq/Afghanistan war. Blinder, of course, argues for more government intervention rather than allowing the correction to work its way through the system. The longer the inevitable is postponed, the worse it will be when it comes.
Don't blame me. | 7:49 p.m. March 23, 2008
I didn't vote for those fools.
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The lack of oversite of the sub prime and regular mortgage market have contributed to this crisis.
His borrow and spend policies on the war in Iraq also contribute in my opinion to the credit crisis.
We borrow at least $12,000,000.000 a month to support this fisaco.
Have you noticed that the neo cons are silent about who and when will this trillion dollar amount ever be paid back?
If you ever hear "Tax and Spend" or "Get the government off our backs and let business do business." I hope you remember my post.
Why do Wall Street Financial firms look to government policies now to bail them out when they are in distress?
This may sound like heresy to some in Utah but perhaps there should have been some regulation to keep us from this situation.