Comments on: The sky might not be falling http://www.logipundit.com/2008/01/the-sky-might-not-be-falling.html A Bastion of Reason Fri, 29 Aug 2008 06:58:28 +0000 http://wordpress.org/?v=2.5.1 By: Rip http://www.logipundit.com/2008/01/the-sky-might-not-be-falling.html#comment-4301 Rip Thu, 31 Jan 2008 02:54:14 +0000 http://www.logipundit.com/2008/01/the-sky-might-not-be-falling.html#comment-4301 I have to shake my head with the GOVT says they are going to send ME a check. Like they didn't already spend our taxes. Like they have a big savings account with money waiting to be distributed. Wait, why would they need a savings account, they can PRINT money! I agree that the economy is not imploding and find our monetary policy and kneejerk interventionism quite troubling. An occasional recession is a normal (and necessary) part of the economic cycle. To attempt to avoid it by relentlessly flaming the fire of consumer spending is less than wise. Maybe not today, maybe not tomorrow, but EVENTUALLY loose monetary policy and govt spending will cause us some serious woes. I have to shake my head with the GOVT says they are going to send ME a check. Like they didn’t already spend our taxes. Like they have a big savings account with money waiting to be distributed. Wait, why would they need a savings account, they can PRINT money!

I agree that the economy is not imploding and find our monetary policy and kneejerk interventionism quite troubling. An occasional recession is a normal (and necessary) part of the economic cycle. To attempt to avoid it by relentlessly flaming the fire of consumer spending is less than wise. Maybe not today, maybe not tomorrow, but EVENTUALLY loose monetary policy and govt spending will cause us some serious woes.

]]> By: JohnnyB http://www.logipundit.com/2008/01/the-sky-might-not-be-falling.html#comment-4274 JohnnyB Tue, 29 Jan 2008 03:23:53 +0000 http://www.logipundit.com/2008/01/the-sky-might-not-be-falling.html#comment-4274 Spoke with a professor who bought a condo in the late '70s. The interest rate...18%. Chew on that. Spoke with a professor who bought a condo in the late ’70s. The interest rate…18%. Chew on that.

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