Comments on: What Does “Too Big To Fail” Mean? http://www.prosebeforehos.com/progressive-economics/04/14/what-does-too-big-to-fail-mean/ The Pen Is Mightier Than Thy Wench Sat, 20 Mar 2010 21:12:55 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Third World Countries Carry MASSIVE Debt. Rich Western Countries Bailout Themselves Out. « ?|?|? Bathroom Stall Prophets http://www.prosebeforehos.com/progressive-economics/04/14/what-does-too-big-to-fail-mean/comment-page-1/#comment-86096 Third World Countries Carry MASSIVE Debt. Rich Western Countries Bailout Themselves Out. « ?|?|? Bathroom Stall Prophets Wed, 15 Apr 2009 12:44:58 +0000 http://www.prosebeforehos.com/?p=3493#comment-86096 [...] Democracy Now!: “What do we do? Exactly the opposite. We forget about the debt, let it explode. We reduce interest rates to zero to stimulate the economy. We pour money into the economy to get even bigger debts. We don’t privatize; we nationalize, except we don’t call it nationalization. We give it some other name, like “bailout” or something. It’s essentially nationalization without control. So we pour money into the institutions. We lectured the third world that they must accept free trade, though we accept protectionism. [...] [...] Democracy Now!: “What do we do? Exactly the opposite. We forget about the debt, let it explode. We reduce interest rates to zero to stimulate the economy. We pour money into the economy to get even bigger debts. We don’t privatize; we nationalize, except we don’t call it nationalization. We give it some other name, like “bailout” or something. It’s essentially nationalization without control. So we pour money into the institutions. We lectured the third world that they must accept free trade, though we accept protectionism. [...]

]]> By: Chat Marchet News Digest » Noam Chomsky: “Too Big To Fail Has Become A Government Insurance Policy… It Says ‘You Can Take Huge Risks and Make Plenty of Profit, and If Anything Goes Wrong, The Taxpayer Will Bail You Out” [vide http://www.prosebeforehos.com/progressive-economics/04/14/what-does-too-big-to-fail-mean/comment-page-1/#comment-86094 Chat Marchet News Digest » Noam Chomsky: “Too Big To Fail Has Become A Government Insurance Policy… It Says ‘You Can Take Huge Risks and Make Plenty of Profit, and If Anything Goes Wrong, The Taxpayer Will Bail You Out” [vide Wed, 15 Apr 2009 00:03:33 +0000 http://www.prosebeforehos.com/?p=3493#comment-86094 [...] by alecb [link] [2 [...] [...] by alecb [link] [2 [...]

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