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Saturday, October 31, 2009

Stimulus: The Good News, and the Bad - BusinessWeek 

Stimulus: The Good News, and the Bad - BusinessWeek: "...people who are hired with stimulus funds tend to spend their pay and create secondary employment."

That is the crux of the argument. I wonder why not sending the checks directly to everyone wouldn't do the same? Give me $25,000 and I'll hire a contractor to put in a new front door. I'll spend, spend spend on electronics and clothes for the family. Then i'll save some in my local bank who can then lend ten times that amount to small businesses.

Sunday, October 25, 2009

Economic View - How an Insurance Mandate Could Leave Many Worse Off - NYTimes.com 

Economic View - How an Insurance Mandate Could Leave Many Worse Off - NYTimes.com:

"A further problem is “mandate creep,” which we’ve seen at the state level, as groups lobby for various types of coverage — whether for acupuncture, alcoholism and fertility treatments, for example, or for chiropractor services or marriage counseling."

This is probably the biggest concern.

Fair Game - Wall Street Follies - The Next Act - NYTimes.com 

Fair Game - Wall Street Follies - The Next Act - NYTimes.com:

“I think actually what’s changed is in the other direction,” the refreshingly candid Mr. Barofsky said. “These banks that were too big to fail, are now bigger. Government has sponsored and supported several mergers that made them larger. And that guaranteed that implicit guarantee of moral hazard. The idea that the government is not going to let these banks fail, which was implicit a year ago, its now explicit.”

Elect someone whose social theory beliefs seemd to have stopped in the early 70s....

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