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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: John Vosilla who wrote (80218)3/23/2007 6:50:10 AM
From: Oblomov  Read Replies (2) of 110194
 
Larry Kudlow's perception of free market versus Roubini's common sense approach?

"My side" always has the common sense approach. The government created this mess with its plethora of guarantees, regulations, subsidies, and handouts for developers, lenders, and homeowners. And now we are to clamor for a solution that involves more guarantees, regulations, subsidies, and handouts?

I draw the opposite conclusion from Roubini (though I don't necessary see Kudlow as being on "my side"). We cannot legislate ourselves into true prosperity or happiness. These things come only when the state is looking the other way. They come in defiance of our rulers, not because of their actions.
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