Socratt, you’ve got a lot of good points in there.
I’ve thought through the “Let it fail” argument quite a bit. I’m sympathetic. Who are these banking fuckers spending bailout money on baseball stadiums, jet planes and obscene bonuses???
End rant.
Did you see the jobs numbers today?
The economy accelerates in good times, multipliers and leverage — but what is happening now is the exact reverse, and the risk is things get VERY bad, worse than they would be without government support.
What would you do here? Really?
These are really very serious times.
My fears are currency failure and massive Great Depression-era unemployment. Never thought either would ever happen in my lifetime.
