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October 5, 2008 at 5:45 PM #281882October 5, 2008 at 5:52 PM #281571patientrenterParticipant
Huckleberry,
Why can’t govt intervention permanently change a major economic activity? If the govt imposes a high tax on gasoline and diesel fuel, and stays with it for 30 years, why wouldn’t that lead to an entire economy based on shorter commuting distances, fewer trips, smaller cars, more fuel-efficient technology etc? (Think Europe, if you say that can’t happen.)
I am not saying it’s good, I am just saying it’s conceivable.
October 5, 2008 at 5:52 PM #281849patientrenterParticipantHuckleberry,
Why can’t govt intervention permanently change a major economic activity? If the govt imposes a high tax on gasoline and diesel fuel, and stays with it for 30 years, why wouldn’t that lead to an entire economy based on shorter commuting distances, fewer trips, smaller cars, more fuel-efficient technology etc? (Think Europe, if you say that can’t happen.)
I am not saying it’s good, I am just saying it’s conceivable.
October 5, 2008 at 5:52 PM #281853patientrenterParticipantHuckleberry,
Why can’t govt intervention permanently change a major economic activity? If the govt imposes a high tax on gasoline and diesel fuel, and stays with it for 30 years, why wouldn’t that lead to an entire economy based on shorter commuting distances, fewer trips, smaller cars, more fuel-efficient technology etc? (Think Europe, if you say that can’t happen.)
I am not saying it’s good, I am just saying it’s conceivable.
October 5, 2008 at 5:52 PM #281894patientrenterParticipantHuckleberry,
Why can’t govt intervention permanently change a major economic activity? If the govt imposes a high tax on gasoline and diesel fuel, and stays with it for 30 years, why wouldn’t that lead to an entire economy based on shorter commuting distances, fewer trips, smaller cars, more fuel-efficient technology etc? (Think Europe, if you say that can’t happen.)
I am not saying it’s good, I am just saying it’s conceivable.
October 5, 2008 at 5:52 PM #281907patientrenterParticipantHuckleberry,
Why can’t govt intervention permanently change a major economic activity? If the govt imposes a high tax on gasoline and diesel fuel, and stays with it for 30 years, why wouldn’t that lead to an entire economy based on shorter commuting distances, fewer trips, smaller cars, more fuel-efficient technology etc? (Think Europe, if you say that can’t happen.)
I am not saying it’s good, I am just saying it’s conceivable.
October 5, 2008 at 5:56 PM #281586TheBreezeParticipant[quote=patientrenter]
(Oh, and of course persistently high inflation would be the only practical way to achieve this.)[/quote]Paulson has already admitted to this. In a Congressional hearing a few months ago Paulson said there were two ways out of this: The U.S. could inflate its way out of this by bringing house prices up to the price of the mortgage on the house or the U.S. could crunch the mortgages down to the price of the house.
It’s pretty clear they would like to choose the inflation route. However, I don’t think $700 billion is going to do it.
October 5, 2008 at 5:56 PM #281864TheBreezeParticipant[quote=patientrenter]
(Oh, and of course persistently high inflation would be the only practical way to achieve this.)[/quote]Paulson has already admitted to this. In a Congressional hearing a few months ago Paulson said there were two ways out of this: The U.S. could inflate its way out of this by bringing house prices up to the price of the mortgage on the house or the U.S. could crunch the mortgages down to the price of the house.
It’s pretty clear they would like to choose the inflation route. However, I don’t think $700 billion is going to do it.
October 5, 2008 at 5:56 PM #281868TheBreezeParticipant[quote=patientrenter]
(Oh, and of course persistently high inflation would be the only practical way to achieve this.)[/quote]Paulson has already admitted to this. In a Congressional hearing a few months ago Paulson said there were two ways out of this: The U.S. could inflate its way out of this by bringing house prices up to the price of the mortgage on the house or the U.S. could crunch the mortgages down to the price of the house.
It’s pretty clear they would like to choose the inflation route. However, I don’t think $700 billion is going to do it.
October 5, 2008 at 5:56 PM #281909TheBreezeParticipant[quote=patientrenter]
(Oh, and of course persistently high inflation would be the only practical way to achieve this.)[/quote]Paulson has already admitted to this. In a Congressional hearing a few months ago Paulson said there were two ways out of this: The U.S. could inflate its way out of this by bringing house prices up to the price of the mortgage on the house or the U.S. could crunch the mortgages down to the price of the house.
It’s pretty clear they would like to choose the inflation route. However, I don’t think $700 billion is going to do it.
October 5, 2008 at 5:56 PM #281922TheBreezeParticipant[quote=patientrenter]
(Oh, and of course persistently high inflation would be the only practical way to achieve this.)[/quote]Paulson has already admitted to this. In a Congressional hearing a few months ago Paulson said there were two ways out of this: The U.S. could inflate its way out of this by bringing house prices up to the price of the mortgage on the house or the U.S. could crunch the mortgages down to the price of the house.
It’s pretty clear they would like to choose the inflation route. However, I don’t think $700 billion is going to do it.
October 5, 2008 at 7:31 PM #281616patientrenterParticipantTheBreeze wrote: “It’s pretty clear they would like to choose the inflation route. However, I don’t think $700 billion is going to do it.”
Yes. We should expect lots more where that $700 billion came from.
October 5, 2008 at 7:31 PM #281895patientrenterParticipantTheBreeze wrote: “It’s pretty clear they would like to choose the inflation route. However, I don’t think $700 billion is going to do it.”
Yes. We should expect lots more where that $700 billion came from.
October 5, 2008 at 7:31 PM #281898patientrenterParticipantTheBreeze wrote: “It’s pretty clear they would like to choose the inflation route. However, I don’t think $700 billion is going to do it.”
Yes. We should expect lots more where that $700 billion came from.
October 5, 2008 at 7:31 PM #281939patientrenterParticipantTheBreeze wrote: “It’s pretty clear they would like to choose the inflation route. However, I don’t think $700 billion is going to do it.”
Yes. We should expect lots more where that $700 billion came from.
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