tag:blogger.com,1999:blog-5200276.post2123577232779493040..comments2023-12-28T06:30:48.808-05:00Comments on The Rule of Reason: Staring into the Bailout AbyssUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5200276.post-35898311332081707762008-09-23T17:28:00.000-04:002008-09-23T17:28:00.000-04:00$700b / $1m (life-time of productive work) = 700,0...$700b / $1m (life-time of productive work) = 700,000 life-times of productivity. That assumes that there's wealth (or slavery), rather than paper in this round of the cultural orgy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5200276.post-81587885389733655952008-09-23T15:18:00.000-04:002008-09-23T15:18:00.000-04:00Dear jmw,I can do you one better... no new pages, ...Dear jmw,<BR/>I can do you one better... no new pages, paragraphs, or even sentences need be written to correct the situation. There are a few that need to be read and adhered to; but seeing as how The Constitution is largely forgotten in D.C. the chances are slim. <BR/><BR/>Joe KaneJoehttps://www.blogger.com/profile/02283312915111581912noreply@blogger.comtag:blogger.com,1999:blog-5200276.post-63117420844103426792008-09-23T14:13:00.000-04:002008-09-23T14:13:00.000-04:00The bailout proposal apparently is contained on 3 ...The bailout proposal apparently is contained on 3 pages. Some have said a complex problem like this cannot be solved with such a small proposal. Others have already started arguing that things must be added to make the proposal work.<BR/><BR/>I could write a proposal to solve the problem on a single page, in fact in a single sentence: Abolish all regulatory agencies and all agencies with the power to tax. Do this on a local, state and federal level. The then "real" free market will resolve the problems.<BR/><BR/>Okay, it took me 3 sentences.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5200276.post-14488300310296595342008-09-23T14:11:00.000-04:002008-09-23T14:11:00.000-04:00For a thorough description of exactly what is happ...For a thorough description of exactly what is happening, economically, and a solution, see George Reisman's March, 2008, essay on "Our Financial House of Cards and How To Start Replacing It With Solid Gold."<BR/><BR/>http://georgereisman.com/blog/2008/03/our-financial-house-of-cards-and-how-to.html<BR/><BR/>Roxanne AlbertoliAnonymousnoreply@blogger.com