| Topic: | Re:Re:Re:Re:Re:Time to raise interest rates? | |
| Posted by: | Peter Millman | |
| Date/Time: | 24/03/09 14:25:00 |
| The problem is that politicians are only interested in a short-term fix. They can't focus beyond the next election. That's the argument for letting deregulated markets take the short and long views. Let business sectors collapse if they're not viable, banks included. Other entities will be created to fill the gaps. The spectre of rising unemployment is what keeps politicians awake at night. History tell us that markets find solutions to that as well. There is going to be a very high price to pay, for generations, for the interventions being made now by politicians in headless-chicken mode. It's the economics of the madhouse: There's a systemic risk of collapse in the banking sector because of dodgy loans they've made. Let's give them lots of taxpayers money so they can "Carry On Lending". Roll on the G20. |