'It Hasn't Been Enough'? What Would Be 'Enough'?

Submitted by Bill St. Clair on Thu, 16 Oct 2008 09:57:24 GMT  <== Politics ==> 

Vin Suprynowicz at LewRockwell.com - Vin has the perfect take on the likely effectiveness of the bailout. [lew]

...a whole bevy of Post economic reporters combine their efforts to explain: "The problem seems to be that many of the government actions, such as the $700 billion bailout passed a week ago, take time to go into effect."

...

...this is like saying "The problem seems to be that sacrificing young virgins to the volcano god takes time to have an effect," or "Clearly the number of virgins sacrificed is still not adequate. How many more you got?"

No. When your problem is a bubble caused by the reckless expansion of the credit and money supply, "pumping in more liquidity" doesn't work any better than tossing screaming young girls into the volcano.

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