We need capitalism jobs, Need to drill oil here by American co., from another
state, Need to burn coal but needs to be a American co., We create
jobs that make money and profit.

Michigan Housing problem: People buy houses they really can’t afford,
Housing in Michigan taxes are high, hurts average person,
Also, alot of people lost there jobs, taxes to high,

We the people remember our Constitution of United States

Edward Harrison suggests that deleveraging private debt and purging malinvestment would allow the resetting and restarting of the machine, but in a globalized economy where developped countries are all playing the game of unit labour cost deflation, how will you then increase aggregated demand in the middle and long term without increasing the household debt/GDP rate?

The primary measure of an entity’s long-term solvency is its capability to pay off its obligations with future cash flows. The private sector does and will make profits (admittedly they will be subdued for some time to come), but the public sector is hemmorrhaging red ink and will be for AT LEAST the next 10 years (.5T projected structural deficit for 2019). Where are the funds going to come from to repay this government debt? On this basis alone the private sector justifiaby has higher leverage (when measured relative to the GDP) than the government. Perhaps a more reasonable measurement of leverage would be relative to their respective assets?

There are more arguments I would like to lay out here, but alas, the CFA textbooks are calling *puke*

And thanks for what you wrote to Lazarus. I hope DJBrown will reconsider his decision. There is nothing wrong with disagreeing someone but it should be done in a respectful way.

FDR did two things in the ’30s: massive stimulus, and massive regulatory effort to restore trust through insurance and forced transparency. It worked.

Japan did one thing after 1990: massive stimulus, without any regulatory effort to restore trust through insurance and transparency. It didn’t work.

No matter how much liquidity the US throws around, bondholders will still lack reliable rating agencies; bank clients and stakeholders still won’t know the true exposure of their banks; the derivatives market will still be opaque; bear raids will keep happening.

Debating the scale of stimulus is legitimate, but less important, I suspect, than restoring transparency.

Just two things:

1) Ridiculing and insulting comments to other bloggers or myself is counterproductive. Unless, of course, you have all the answers. But if you really cherish ideas like freedom and democracy, then berating someone into silence by ridiculing/insulting them is hardly consistent with such ideas, right? Or is that your intention? So much for J. S. Mill and the Essay on Liberty… What is it you don’t understand?

2) From kleptocracy to fascism to corporate to China to GS – so it’s all the same and throughout history. From Egypt to the USA nothing is different and quite a sweeping generalization, don’t you think? But ironically, all of these historical examples cited by you, with the exception the USA, FAILED! Why is that? Did they implode or were they conquered from without? Does it make a difference in trying to thwart what you claim to have a bad feeling about or not? Is resistance futile? Talk about working for the clampdown! And why no mention of the British Empire? Talk about kleptocracy on a global scale… Your rendition of history appears a bit short and overly simplistic.

Nah, I detect a bit of anarchist utopian ranting coupled with the anger/frustration of the “punks”. Just can’t figure out whether your an anarchist or a punk.. if you get my drift!

Gonna leave it at that in the hope that your future comments might actually be constructive and contributory to the debate. Wishing you well.