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Comments on: The Financial Fun Continues https://whynow.dumka.us/2008/09/22/the-financial-fun-continues/ On-line Opinion Magazine...OK, it's a blog Mon, 22 Sep 2008 23:49:11 +0000 hourly 1 https://wordpress.org/?v=6.4.3 By: Bryan https://whynow.dumka.us/2008/09/22/the-financial-fun-continues/comment-page-1/#comment-39740 Mon, 22 Sep 2008 23:49:11 +0000 http://whynow.dumka.us/?p=5765#comment-39740 I think Badtux is right that the current fear is deflation, but they will overdo it.

That’s a very apt and accurate analogy, Jack. They will look fine, but they are dying from the inside. When the only goal is near term profit, the underlying structure gets ignored. No one thinks beyond their personal bonuses. They don’t plan to stay with any company very long, so there’s no reason to worry about its survival.

Inflation is a tactic to reduce debt, so you know it will be considered a feature, not a bug, Lady Min. When we stopped making anything in this country the economy was doomed.

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By: LadyMin https://whynow.dumka.us/2008/09/22/the-financial-fun-continues/comment-page-1/#comment-39739 Mon, 22 Sep 2008 22:47:14 +0000 http://whynow.dumka.us/?p=5765#comment-39739 I’d say let them die too. But I understand what they are trying to do by rescuing the banks. However, this is just pushing the fallout into the future. It may stabilize things for a bit. Give some people that false sense of security. But the destruction of wealth will continue. Inflation will take care of that.

Say good bye to our standard of living.

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By: Jack K., the Grumpy Forester https://whynow.dumka.us/2008/09/22/the-financial-fun-continues/comment-page-1/#comment-39738 Mon, 22 Sep 2008 21:54:22 +0000 http://whynow.dumka.us/?p=5765#comment-39738 …the analogy that’s been running through my mind is with stands of thin-barked lodgepole pine in areas where ground fire ran through them. They’re dead (needles are still green, but the heat destroyed their cambium layers at ground level); they just don’t know it yet…

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By: Bryan https://whynow.dumka.us/2008/09/22/the-financial-fun-continues/comment-page-1/#comment-39737 Mon, 22 Sep 2008 20:53:56 +0000 http://whynow.dumka.us/?p=5765#comment-39737 They are going to fail. This isn’t going to save them because they have destroyed their own business. All they are doing is attempting to put things off.

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By: The CultureGhost https://whynow.dumka.us/2008/09/22/the-financial-fun-continues/comment-page-1/#comment-39734 Mon, 22 Sep 2008 20:48:55 +0000 http://whynow.dumka.us/?p=5765#comment-39734 I’m with the “mad as hell” crowd. No bailout. Let ’em fail.

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