Raising the Bar

[Max Sawicky]

> Max,
> 
> Your policy of spending the surplus can
> 
> "help people...spend even more, yum, yum)"
> 
> without using a temporary interest rate cut to bail out hedge funds and 
> the banks etc. that financed them, no?  Why socialize Wall Street's 
> losses?

Aren't the monetary authorities supposed to
work in tandem with fiscal policy?

As for socializing losses, isn't that a matter
for financial reform w/respect to regulation
of credit markets?

MBS