Comments on: No thank you, Mr. Keynes. America’s infrastructure does not need a bailout. http://sovereignspeculator.com/2008/09/25/no-thank-you-mr-keynes-americas-infrastructure-does-not-need-a-bailout/ Thoughts on the markets and the decline of the west Fri, 18 Nov 2011 22:18:04 +0000 http://wordpress.org/?v=2.6 By: Patrick http://sovereignspeculator.com/2008/09/25/no-thank-you-mr-keynes-americas-infrastructure-does-not-need-a-bailout/#comment-625 Patrick Wed, 22 Oct 2008 21:22:26 +0000 http://sovereignspeculator.com/?p=1404#comment-625 I don't agree that our infrastructure is the best in the world, but that can turn into a subjective argument that's unfit for the web. What I don't understand, though, is who you think would fix infrastructure when you are satisfied that it's crumbling? It's fine to complain about government intervention, but since this stuff isn't going to last forever, who's supposed to fix it? I don’t agree that our infrastructure is the best in the world, but that can turn into a subjective argument that’s unfit for the web.

What I don’t understand, though, is who you think would fix infrastructure when you are satisfied that it’s crumbling? It’s fine to complain about government intervention, but since this stuff isn’t going to last forever, who’s supposed to fix it?

]]> By: Mike http://sovereignspeculator.com/2008/09/25/no-thank-you-mr-keynes-americas-infrastructure-does-not-need-a-bailout/#comment-270 Mike Fri, 26 Sep 2008 13:00:26 +0000 http://sovereignspeculator.com/?p=1404#comment-270 Alex, the whole point is that government brings about and worsens depressions. They would be fewer, milder and shorter if it did not step in and grab capital and labor that would be otherwise intelligently deployed. For instance, in 1907, before the Federal Reserve and other bureaucracies existed (although a government-sponsored banking cartel created the bubble that preceded the crash), a Panic bankrupted nearly every financial institution in the US. The economy came roaring back within months, because the government did nothing to interfere. The depression of the 1930s was so bad because every government in the western world had been or would be taken over by fascists or other socialists. The environment of poverty and nationalism that ensued left the world ripe for war. Alex, the whole point is that government brings about and worsens depressions. They would be fewer, milder and shorter if it did not step in and grab capital and labor that would be otherwise intelligently deployed.

For instance, in 1907, before the Federal Reserve and other bureaucracies existed (although a government-sponsored banking cartel created the bubble that preceded the crash), a Panic bankrupted nearly every financial institution in the US. The economy came roaring back within months, because the government did nothing to interfere.

The depression of the 1930s was so bad because every government in the western world had been or would be taken over by fascists or other socialists. The environment of poverty and nationalism that ensued left the world ripe for war.

]]> By: Aleks http://sovereignspeculator.com/2008/09/25/no-thank-you-mr-keynes-americas-infrastructure-does-not-need-a-bailout/#comment-269 Aleks Fri, 26 Sep 2008 07:36:55 +0000 http://sovereignspeculator.com/?p=1404#comment-269 Agreed about the danger of pork - but what about the waste of unemployed millions sitting at home contributing nothing, an increase in crime, and so on? In the US and Western Europe they were building roads in the middle of Nevada, in Germany they were building weaponry, in Eastern Europe they started the Communist Party and took power at the first disruption there was - WW2. Agreed about the danger of pork - but what about the waste of unemployed millions sitting at home contributing nothing, an increase in crime, and so on? In the US and Western Europe they were building roads in the middle of Nevada, in Germany they were building weaponry, in Eastern Europe they started the Communist Party and took power at the first disruption there was - WW2.

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