Comments for The Return of the "Committee to Save the World" at http://www.cepr.net , comment 1 to 5 out of 5 comments http://www.cepr.net Tue, 21 May 2013 06:01:19 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/blogs/beat-the-press/the-return-of-the-qcommittee-to-save-the-worldq/#comment-717 The world is falling apart: http://www.youtube.com/watch?v=cppY-n1i79w - moral hazard Fri, 28 May 2010 04:39:57 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-return-of-the-qcommittee-to-save-the-worldq/#comment-712 We all accept that the collapse of the housing bubble caused our current problems. So the next interesting question is "what caused the housing bubble?". It is good to see you address this. - Erik L Fri, 28 May 2010 03:02:08 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-return-of-the-qcommittee-to-save-the-worldq/#comment-708 "Hopefully, this effort at salvation will turn out better than the last one." Alas. Not likely. PS: Great post at FDL, Dean. - bobbyp Thu, 27 May 2010 16:39:16 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-return-of-the-qcommittee-to-save-the-worldq/#comment-700 At last, the ultimate source of the housing bubble and Great Crash in the US is revealed. A revenge of austerity from abroad. Who would have known. Asians get bailed out, save, pay down debt, create a global savings glut that exports capital and drives up the value of the dollar while carving out the good ole US of A from the inside out. All orchestrated by the IMF. It wasn't a failure of free market capitalism after all. It was a government failure, forced austerity in return for bailouts, and the subsequent revenge was even more austerity undertaken successfully to keep the IMF from ever returning again to impose ... more austerity. So Geithner repeats the cycle with advocacy that Europe get its fiscal house in order with ... more austerity ... so it will be healthy enough to continue imports from the US ... which needs those imports to support its own exports for recovery ... so it's important for both countries to maintain high values of their respective currency with austerity programs, lest they suffer more bubbles and recessions ... which fails to correct trade deficits. Bubba, this makes my head hurt ... I'm going to ask Mama Grizzly Palin what Keynes would have done, now that there's proof that it all comes from government failure. Stupid liberals. - izzatzo Thu, 27 May 2010 07:14:40 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-return-of-the-qcommittee-to-save-the-worldq/#comment-694 this sort of propaganda was foreseen by Nietzsche- international finance policy makers gut civil society's marketplace, and then they are ipso facto the only technicians with the expertise to 'save' the situation that they created- note this is also the analagous template for our banking industry (Geithner's claim that we need the large banks to help work out the solutions, as they are smarter than the regulators), and the current oil spill (Obama administration's reliance on BP to execute the 'salvation' plan, as they have the deep water expertise) - frankenduf Thu, 27 May 2010 04:12:53 +0100