The Fed Abstracting Away Banking Pain
Aug 1st, 2008 | By Jonathan Golob | Category: Economics, Lead ArticleThe Fed has lent nearly $200 billion. Should you worry?
The Fed has lent nearly $200 billion. Should you worry?
For wind power, consistency is everything. The rub is, all of the pollutants we’ve added to the atmosphere are changing how the atmosphere interacts with sunlight in difficult to predict ways. Our continued belching out of greenhouse gasses makes building a wind farm increasingly risky (and therefore less attractive) than building a fossil fuel plant.
If we’re going to replace fossil fuels, we should understand why they’ve become such a central part of human life and civilization. Because, fossil fuels are pretty damn amazing.
The bailout of Bear Stearns was a mere appetizer to the cliff we’re falling over now.
Market theory would tell us the government should not intervene–these institutions should be allowed to fail, the unwise investments allowed to collapse and the money to be lost. At the last height of Laissez-faire economic policy, in the 1920’s, that was the plan. The institutions were allowed to collapse one-by-one, causing the Great Depression.
That didn’t work out so well. In the 1930’s, sifting through the rubble of the US economy, the next plan was regulation.
We’re now left in the worst situation: Propping up failing deregulated markets with taxpayer dollars.
If being a gay man is an inborn, inherent trait with some genetic basis–as the massive, overwhelming, credible, sound, tenable, probable, corroborating, confirming, affirmative collection of scientific evidence states–why are there gay men at all? It’s a trait that strongly discourages procreative sex. Less sex with women means less babies and therefore less spreading of [...]