[lbo-talk] more on the nonexistent credit crunch

Charles Brown charlesb at cncl.ci.detroit.mi.us
Tue Jan 6 09:12:24 PST 2009


Doug

Other shore indeed. It's really odd to see leftists turning for support to real business cycle theorists and other denizens of the right. For a taste of the ideology behind AIER, see their own official history (excerpted below..)

^^^

Just out of curiosity. Does AIER acknowledge that various Wall Street financial corporations, named and unamed, got an $ 8 trillion , in round figures, bailout from the US state ? Do they acknowledge that these corporations would have failed without the government bailout, and that inchoate "failure" means they were bankrupt, but for the bailout ? If so, how do they square that data with their claim that those financial corporations are in a free market ?

Charles

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