Monday, March 23, 2009

"Until We Collectively Scream Loud Enough"

I haven't commented on the Fed's plan to buy Treasury debt because, while momentous, it shouldn't surprise anyone who's been paying attention during the past few years. But be sure to read this post by John Hussman. Hussman has nailed the economy and the financial markets for years now, and his performance record reflects that. He's usually pretty mild-mannered. But that's changed recently. And there's this, which should sound familiar to readers here:

Speaking of “other people's money” and conflicts of interest, the first step toward better public policy is to bar the unelected bureaucrats conducting these bailouts from any future employment by companies that benefit from their actions. Call me cynical.

This needs to be done now. It's scandalous that this loophole still exists.

5 Comments:

Anonymous Anonymous said...

This is called Mary Poppins Economics

3/24/2009 12:41 PM  
Anonymous judyo said...

Just who do you think could/would do the banning?
Find me a clean politician and I'll sell you my sister.

3/24/2009 2:08 PM  
Anonymous Anonymous said...

Ron Paul.

Maybe we can try that limited gov't thing...

3/24/2009 4:41 PM  
Anonymous KAIMU said...

ALOHA !!

OPM(Other People's Money)=OPIUM


Who cares its OPM?

3/25/2009 10:33 PM  
Anonymous Anonymous said...

We do the bank,
the zombie bank


Leverage Me Tender

3/27/2009 4:26 PM  

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