Comments on: Margaret Atwood on debt and consequences http://blogs.reuters.com/reuters-wealth/2011/10/14/margaret-atwood-on-debt-and-consequences/ Fri, 05 Dec 2014 11:27:18 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: GaltJohn http://blogs.reuters.com/reuters-wealth/2011/10/14/margaret-atwood-on-debt-and-consequences/comment-page-1/#comment-8544 Mon, 17 Oct 2011 20:16:53 +0000 http://blogs.reuters.com/reuters-money/?p=20868#comment-8544 Who is John Galt?

“So you think that money is the root of all evil?” said Francisco d’Anconia. “Have you ever asked what is the root of money? Money is a tool of exchange, which can’t exist unless there are goods produced and men able to produce them. Money is the material shape of the principle that men who wish to deal with one another must deal by trade and give value for value. Money is not the tool of the moochers, who claim your product by tears, or of the looters, who take it from you by force. Money is made possible only by the men who produce. Is this what you consider evil?…”

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By: ReasonableNYC http://blogs.reuters.com/reuters-wealth/2011/10/14/margaret-atwood-on-debt-and-consequences/comment-page-1/#comment-8537 Mon, 17 Oct 2011 19:23:15 +0000 http://blogs.reuters.com/reuters-money/?p=20868#comment-8537 MA’s comments re the neurology of credit cards can easily be applied to governments and debt markets, as well. As long as Greece had ready access to credit, there was no concern. Now that it and the other PIIGS (soon to be joined by the U.S.) are clearly insolvent (definition: unable to cover expenses before interest), it’s a bit too late. http://reasonablemannyc.blogspot.com/

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By: notwhining http://blogs.reuters.com/reuters-wealth/2011/10/14/margaret-atwood-on-debt-and-consequences/comment-page-1/#comment-8514 Mon, 17 Oct 2011 15:02:01 +0000 http://blogs.reuters.com/reuters-money/?p=20868#comment-8514 Again, overindulged children who don’t want to pay back the money they owe. Somebody should give it to them, just as their parents did when they were young.

I am the mother of three. One of my children fits the above picture. He is able, but just “doesn’t”. He’s also a bit lazy. Should anybody bail him out? No.

They borrowed it. Pay it back.

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By: DarwinK http://blogs.reuters.com/reuters-wealth/2011/10/14/margaret-atwood-on-debt-and-consequences/comment-page-1/#comment-8475 Sun, 16 Oct 2011 09:32:53 +0000 http://blogs.reuters.com/reuters-money/?p=20868#comment-8475 Europe, obviously, – but are you yet scared about China and Debt – Margaret Atwood or Reuters or anyone?

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By: mantra http://blogs.reuters.com/reuters-wealth/2011/10/14/margaret-atwood-on-debt-and-consequences/comment-page-1/#comment-8467 Sun, 16 Oct 2011 04:15:45 +0000 http://blogs.reuters.com/reuters-money/?p=20868#comment-8467 Great article. The governments have convinced us that we can just keep borrowing and more debt will solve our problem. The Fed gov gave money to banks, instead of giving it to homeowners, thus ensuring the homeowners become bankrupt and homeless and banks eventually go under as well. Just as Greece debt will need to be written down to give it a chance to survive, the home owners will need their debt to be written down, so they and the banks can survive.

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By: mikeld9 http://blogs.reuters.com/reuters-wealth/2011/10/14/margaret-atwood-on-debt-and-consequences/comment-page-1/#comment-8458 Sat, 15 Oct 2011 19:40:09 +0000 http://blogs.reuters.com/reuters-money/?p=20868#comment-8458 trouble is the mortgage brokers and the bankers still have your money. there has been no personal responsibility. the middle class and those who will need to depend on their 401k plans have been hurt and will not live as well. I do not have much sympathy for those who gambled with mortgage money – over bought with borrowed money – but they only hurt themselves. I hope these protests go on until the people who are responsible (those in office and those with the money that put them there) are not living as well also.

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By: pmagellan http://blogs.reuters.com/reuters-wealth/2011/10/14/margaret-atwood-on-debt-and-consequences/comment-page-1/#comment-8457 Sat, 15 Oct 2011 18:19:29 +0000 http://blogs.reuters.com/reuters-money/?p=20868#comment-8457 Awesome article. Thank you Reuters! You are the last hope for sanity in mass media.

Actually responsible, highly relevant, common-sense intelligence reporting!

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By: erin05 http://blogs.reuters.com/reuters-wealth/2011/10/14/margaret-atwood-on-debt-and-consequences/comment-page-1/#comment-8456 Sat, 15 Oct 2011 18:05:51 +0000 http://blogs.reuters.com/reuters-money/?p=20868#comment-8456 IMHO, let’s not forget the role of the political class. Shouldn’t grandly intended government programs be subject to periodic, legislated reviews allowing for “course corrections” in case reallity goes amiss? Regrettably, I think that as bad as things are, they haven’t gotten bad enough for corrective action – so we should all stay hunkered down.

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By: neahkahnie http://blogs.reuters.com/reuters-wealth/2011/10/14/margaret-atwood-on-debt-and-consequences/comment-page-1/#comment-8455 Sat, 15 Oct 2011 17:23:10 +0000 http://blogs.reuters.com/reuters-money/?p=20868#comment-8455 MA says, “how could you not know?” regarding to meltdown. How true. If you watched the overbuilding and obscenely high housing prices, if you watched Wall Street, if you knew about the “liar loans,” if you watched the ads begging you, yelling at you to “use you house like a cash register or ATM,” how could you not know? Like the guy who sold his fortune in 1928 before the crash of ’29, “When the taxi driver and shoe shine boy give ME advice on the stock market, it’s time to sell.”

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By: neahkahnie http://blogs.reuters.com/reuters-wealth/2011/10/14/margaret-atwood-on-debt-and-consequences/comment-page-1/#comment-8454 Sat, 15 Oct 2011 17:18:54 +0000 http://blogs.reuters.com/reuters-money/?p=20868#comment-8454 Great piece of writing. I might say that many historians who are schooled in world history, especially depressions, have been saying the same thing. Politicians world wide just don’t read and absorb fine writers and great historians. Nor do Bankers who think that it doesn’t apply to them. “The Masters of the Universe” are not so masterful after all,

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