[PEN-L] Free market discipline versus the Hangover Cure.

2008-01-23 Thread ken hanly
Where are all the free market worshippers and ideologues? Isn't the market simply correcting the excessively liberal and profligate lending practices of US financial institutions and punishing investors for not having enough sense to appreciate the risks they were understaking. Now the market

Re: [PEN-L] Free market discipline versus the Hangover Cure.

2008-01-23 Thread Max B. Sawicky
There are no atheists in foxholes. Where are all the free market worshippers and ideologues?

Re: [PEN-L] Free market discipline versus the Hangover Cure.

2008-01-23 Thread Jim Devine
speaking of free-marketeers, a fellow from the libertarian Cato institute gave a little opinion on Marketplace on US National Public Radio this morning. Instead of telling us that nature would take its course to solve the problem if the government and the Fed get out of its way (which should have

Re: [PEN-L] Free market discipline versus the Hangover Cure.

2008-01-23 Thread ken hanly
Don't you mean no Keynes' doubters? We are all Keynesians now. --- Max B. Sawicky [EMAIL PROTECTED] wrote: There are no atheists in foxholes. Where are all the free market worshippers and ideologues? Blog: http://kenthink7.blogspot.com/index.html Blog:

Re: [PEN-L] Free market discipline versus the Hangover Cure.

2008-01-23 Thread Max B. Sawicky
Yup. Don't you mean no Keynes' doubters? We are all Keynesians now. --- Max B. Sawicky [EMAIL PROTECTED] wrote: There are no atheists in foxholes. Where are all the free market worshippers and ideologues?