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In reply to the discussion: I cannot believe the Fed gave Citigroup 2.5 Trillion Dollars! [View all]TreasonousBastard
(43,049 posts)22. I like hyperbole, but the point is taken that not everything free is worthless...
although much of it is.
Ignorance and fear, though, are at the root of all this,and things like the economy are so complex that most economists agree they are guessing half the time (but only after few drinks) and know no more truth than physicists do about string theory. The population can't be blamed for not understanding the complexity of it all, but should be looking for someone trustworthy to explain it and watch over it.
One can argue that a fat and happy populace won't vote to give up its lifestyle, but there is no question that it can be moved by threats to that lifestyle. I'd add that people are now spending so much time keeping it together that they don't have much left over to actually learn about even their own issues.
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True dat, and while I might repeat it in, say, an anti-vaxer thread...
TreasonousBastard
Sep 2012
#20
You raise excellent point. We cannot simply defer oversight to elites, however
cthulu2016
Sep 2012
#25
In my mind the problem is that practically everyone is intentionally deceptive at some point..
Fumesucker
Sep 2012
#26
There are three 'free' economics blogs and newsletters worth reading, imo, but I do not have an
coalition_unwilling
Sep 2012
#19
I like hyperbole, but the point is taken that not everything free is worthless...
TreasonousBastard
Sep 2012
#22
Yeah, well, being outraged about the GAO report doesn't require actually READING it, silly-pants!
Warren DeMontague
Sep 2012
#4
You post nothing of importance here. Sure, AmEx got more TARP loans than private
banned from Kos
Sep 2012
#17
Naw man. It was like, the SAME $1....16 trillion times!!!! (that makes it "free money!) nt
Romulox
Sep 2012
#16
$29,000,000,000,000: A Detailed Look at the Fed’s Bailout of the Financial System
girl gone mad
Sep 2012
#31