Prickly City by Scott Stantis for March 08, 2009
March 07, 2009
March 09, 2009
Transcript:
winslow: fear! panic! catastrophe! annihilation!!!!!!!!! throw money at something!!!! anything!!!! ahhhhhhhhhhhh!!! or we could relax , do nothing and let things fix themselves. insanity! hysteria! irrational rationality!! ahhhhhhh!!
pschearer says: Wow, LameRandomName, what a great commentary with much valid economic insight! I would just add one historic fact I found astonishing: it was the FHA that originally forced banks to red-line on racial grounds, eventually laying the foundation for the CRA. This is another case of the old statist policy of using the results of one intrusion into the economy as the excuse for the next, ad infinitum. As for CateLondon, consumer spending does not revitalize an economy. Only investors can do that, and they are sitting on their hands because they don’t know what damage the gummint is going to do to them. Spreading money to deadbeats and incompetents won’t help. Moving toward a free economy will
ANandy elaborates: Great Commentary about eternal truths. Redlining was not based on race, until Je$$ie Jack$on realized he could promote a scam.