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Politics : American Presidential Politics and foreign affairs
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To: DuckTapeSunroof who wrote (41899)3/9/2010 9:02:05 PM
From: TimF  Read Replies (1) of 71588
 
Then how the heck do you expect decision makers to respond?

Expect in terms of I think they should respond, or how I think they are likely to respond.

I suppose you mean the latter, so I'll say bailouts are not exactly unlikely.

However the blame for them primarily goes to those who initiate them. They are the one's who are socializing the losses, not the companies that occurred the losses. Those companies may lobby for the socializing just as any company may rent-seek, but the politicians, or some times appointed officials, are the ones that actually do the socializing.

The important point is to get politicians out of the socializing of losses, or even more important, to generally reduce rent-seeking. That's very hard to do, but the best way to start is by reducing government intervention in general, since it creates the incentive and the method for the rent seeking to operate.
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