Comments on: The limits of economic policy http://blogs.reuters.com/felix-salmon/2009/07/03/the-limits-of-economic-policy/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: nina http://blogs.reuters.com/felix-salmon/2009/07/03/the-limits-of-economic-policy/comment-page-1/#comment-3763 Mon, 06 Jul 2009 20:16:03 +0000 http://blogs.reuters.com/felix-salmon/2009/07/03/the-limits-of-economic-policy/#comment-3763 COOL, obama is going to LOVE this.I DON”T the government has NEVER given me any thing I have not earned, ALL the STUFF I have is bought and paid for was with hard work that is the American Way. why can’t this nuckle head in the whitehouse see this? oh, I for got HE IS A NUCKLE HEAD!!!!!!!

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By: brian lee http://blogs.reuters.com/felix-salmon/2009/07/03/the-limits-of-economic-policy/comment-page-1/#comment-3721 Sun, 05 Jul 2009 06:08:58 +0000 http://blogs.reuters.com/felix-salmon/2009/07/03/the-limits-of-economic-policy/#comment-3721 we live in an age of high expectations and entitlements,and if we reflect back over obama,s campaign it was all based on what the voters would receive if and when he was elected.so there is a certain level of anticipation that this was a absolute.the promise that unemployment would level out at 8%has been proven to be a pipe dream,and obama is suggesting that he meant 10%.there is a possibility that it could go as high as 13%and even higher in CA.unemployment levels like these have not had the impact in the past because of traditional families,with their support mechanism.but because of the break down of the family unit and advance of telecommunication and other mediums,it will be obvious that the hardship that these people are suffering is not uniformly spread,and we could see major social unrest break out.

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By: Phillip Huggan http://blogs.reuters.com/felix-salmon/2009/07/03/the-limits-of-economic-policy/comment-page-1/#comment-3703 Sat, 04 Jul 2009 17:17:14 +0000 http://blogs.reuters.com/felix-salmon/2009/07/03/the-limits-of-economic-policy/#comment-3703 Well, when you define economic policy as subsidizing non-bare bones housing and inefficient banks, yeah it has limits.

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By: Lord http://blogs.reuters.com/felix-salmon/2009/07/03/the-limits-of-economic-policy/comment-page-1/#comment-3676 Fri, 03 Jul 2009 23:36:56 +0000 http://blogs.reuters.com/felix-salmon/2009/07/03/the-limits-of-economic-policy/#comment-3676 I don’t think the market is in denial, only that it sees a bottom, but does not yet see a recovery. While there is a lot of eying and wishing going on, it is is still more fearful than optimistic.

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By: Don the libertarian Democrat http://blogs.reuters.com/felix-salmon/2009/07/03/the-limits-of-economic-policy/comment-page-1/#comment-3673 Fri, 03 Jul 2009 19:56:34 +0000 http://blogs.reuters.com/felix-salmon/2009/07/03/the-limits-of-economic-policy/#comment-3673 Both El-Erian and William Gross have this Off/On Switch view of Capitalism and Society. We’ve had years of greed, now we’ll have years of fear. It reminds me of Schlesinger’s view of history. There’s some truth to these cycles, as there is to the idea of a Vital Center, but, in truth, history is quite unique and varied. As Burke said:

“History is a preceptor of prudence, not of principles.”

How and why we get out of this mess will be a matter of trial and error, and debates about it will continue on indefinitely. All that we can do is attack these problems with prudence and common sense, and focus on the task at hand. As Bagehot said:

“The great difficulty which history records is not that of the first step, but that of the second step. What is most evident is not the difficulty of getting a fixed law, but getting out of a fixed law; not of cementing (as upon a former occasion I phrased it) a cake of custom, but of breaking the cake of custom; not of making the first preservative habit, but of breaking through it, and reaching something better.”

We’ll do much better at dealing with this crisis if we take a jaundiced view of all these big picture views, especially yo-yo mechanistic ones, whether optimistic or pessimistic. If we’re optimistic, it should be because we consider ourselves resilient, not because of any one figure at any particular time.

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By: Tom Lindmark http://blogs.reuters.com/felix-salmon/2009/07/03/the-limits-of-economic-policy/comment-page-1/#comment-3672 Fri, 03 Jul 2009 19:14:16 +0000 http://blogs.reuters.com/felix-salmon/2009/07/03/the-limits-of-economic-policy/#comment-3672 “Governments managed to avert the most disastrous consequences of the financial crisis.”

You sure about this, Felix? Not jumping the gun are you?

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