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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Dennis O'Bell who wrote (85857)	11/24/2000 5:06:00 PM
From: Freedom Fighter	Respond to of 132070

Dennis, >>how much is it with respect to the numerous other rather "socialist" expenses, such as farm subsidies and the like?<< I don't know if we can measure it because most of it comes in the form of inflation of the money supply via the Fed. The IMF amount is can be measured, but I don't know the numbers off hand. It's many many billions though. Just a note - I'm against farm subsidies too. >I really don't think it's clear which is the lesser evil, letting a failure like S&L risk destabilizing the whole economy...<< For me the key is reforming the monetary system. If we did, we wouldn't have had any of the excesses that were large enough to totally blow away the system. At least that's the way I see it.

To: Dennis O'Bell who wrote (85857)	11/24/2000 8:19:14 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

>>I really don't think it's clear which is the lesser evil, letting a failure like S&L risk destabilizing the whole economy, or bail them out, letting some guilty parties escape with their skin, and it probably varies from case to case.<< dennis, short term benefits vs long term benefits are almost always in conflict here. eg, short term bailouts are the way to go. however, people aren't dumb. if they learn they will be bailed out then they take more risk. the more risk they take, the bigger the problem when it hits the fan. i temporarily forgot the term for this. it is a real psychological effect. >>People around here throw around the word "socialism", but unless one has lived in Europe they don't know what the word means!<< i had a friend from europe. he was let go at a summer job while going to school. if i recall correctly, he made as much money on unemployment as he did working - at least nearly so. also, needless to say, he didn't look for another job. this is the world that al gore stands for, imho.