Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (420253)	9/26/2008 5:35:44 PM
From: TimF	Read Replies (2) of 1578288

You would have to show me how that is possible. The more you create moral hazard, the more you shield people from the full extent of the downside of their actions, the more you create a situation where the same sort of thing can happen again in a decade or a generation, but even worse. To the extent that you have to use a lot of money from the government to pull off the bailout, you pull money from more productive areas, when you pay back the additional borrowing with higher taxes in the future. And at the same time your opening more of the economy up to political manipulation and control, and giving more incentive for companies to focus on rent seek, focusing on getting special favors from the government rather than focusing on most efficiently serving the market. And your also injecting all sorts of new liquidity in to the system, that can turn around in a few years and inflate a new bubble. We went from the tech stock bubble to the real estate bubble. Trying to let the most recent one down in an easier fashion, can mean that we have some new bubble come up next.

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