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Just Shoot Me

Bala, 28, Gordon Gekko in the making, pseudo-intellectual, cynic, bibliophile, obsessive compulsive ranter...

they will be back

September 23, 2008

like a bad dream, the assholes are explaining why they are assholes again and again.

"This is a black week. Those of us who have supported financial capitalism are open to the charge that the system we championed has merely enabled a few spivs to get rich. But it helped produce healthy economic growth and low inflation for a generation. It would take a very big recession indeed to wipe out those gains. Do not forget that in the debate ahead."


yeah, its the debate that is important... so what if we blew up things to hell..

Read the whole article, it is pathetic whining from crack addicts asking for change so that they can get the next fix. Meanwhile the woman free market assholes love to hate, is cautioning people not to write them off and that they will be back to their nefarious ways before you can say bailout..

"..During boom times, it's profitable to preach laissez faire, because an absentee government allows speculative bubbles to inflate. When those bubbles burst, the ideology becomes a hindrance, and it goes dormant while big government rides to the rescue. But rest assured: the ideology will come roaring back when the bailouts are done. The massive debts the public is accumulating to bail out the speculators will then become part of a global budget crisis that will be the rationalization for deep cuts to social programs, and for a renewed push to privatize what is left of the public sector. We will also be told that our hopes for a green future are, sadly, too costly.."

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posted by Bala, 6:47 PM

2 Comments:

commented by Blogger Chenthil, 4:36 PM  
chen,

That was great :-)

Aiyar isn't that hard core laissez faire. He has argued for state intervention and subsidies before. He is more of a 'mixed economy' guy rather a 'market solves everything' guy.
commented by Blogger Bala, 6:31 PM  

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