Comments for Takshashila Academia of Economic Research http://www.maerindia.com Sat, 27 Feb 2010 17:04:49 -0500 http://wordpress.org/?v=2.9.2 hourly 1 Comment on National Bureau of Economic Research in charge of determining recession, a 6 mth consec. decline in real GDP? by Nick http://www.maerindia.com/national-bureau-of-economic-research-in-charge-of-determining-recession-a-6-mth-consec-decline-in-real-gdp/comment-page-1/#comment-4 Nick Sat, 27 Feb 2010 17:04:49 +0000 http://www.maerindia.com/national-bureau-of-economic-research-in-charge-of-determining-recession-a-6-mth-consec-decline-in-real-gdp/#comment-4 It's a little late for the laissez-fair approach. A shame, really, because that's what I would have said. Now the government has told people in effect, "hey, don't worry about your stupid decisions that landed you in this mess, we'll cover for you." It’s a little late for the laissez-fair approach. A shame, really, because that’s what I would have said. Now the government has told people in effect, “hey, don’t worry about your stupid decisions that landed you in this mess, we’ll cover for you.”

]]> Comment on National Bureau of Economic Research in charge of determining recession, a 6 mth consec. decline in real GDP? by RANN http://www.maerindia.com/national-bureau-of-economic-research-in-charge-of-determining-recession-a-6-mth-consec-decline-in-real-gdp/comment-page-1/#comment-3 RANN Sat, 27 Feb 2010 16:39:06 +0000 http://www.maerindia.com/national-bureau-of-economic-research-in-charge-of-determining-recession-a-6-mth-consec-decline-in-real-gdp/#comment-3 It has already been a strong case of hand on approach. If we'd let the free market work it's magic then many of these giant banks and inneficient multi-nationals would have gone bust. This would have had a catastrophic effect on people's wealth and people have estimated that world GDP would have fallen up to 30%, instead of the 5% we saw. However the free market is the optimum tool for ironing out inefficiencies and perhaps in the long run that would have benefitted us all more. In fact I'd perhaps go as far as to say it would have. Risky investors know they're got a nice safety cushion now. It has already been a strong case of hand on approach. If we’d let the free market work it’s magic then many of these giant banks and inneficient multi-nationals would have gone bust. This would have had a catastrophic effect on people’s wealth and people have estimated that world GDP would have fallen up to 30%, instead of the 5% we saw.

However the free market is the optimum tool for ironing out inefficiencies and perhaps in the long run that would have benefitted us all more. In fact I’d perhaps go as far as to say it would have. Risky investors know they’re got a nice safety cushion now.

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