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Again, setting up circumstances that seem almost designed to reward and encourage "immoral" financial behavour and then blaming "moral degradation" for the consequences seems... well, see the analogy...

I would suggest that matters of economic policy may not be one of those times.



Try $#!t. It's comprehensible and passes. Or "scheisse", "merde", or the translation of your choice

The link seems to be the proposition that torture, financial crises, and presumably much of the range of unpleasantness between trace back to a lack of some construct called "moral courage". Make of...

Do you suggest that those who hold opinions other than yours lack moral courage? There's a considerable spectrum of opinion out there on where and how to cut spending and where and how to increase...

That seems to me a bit like leaving a kilo of ground beef in front of your dog, telling the dog not to eat it, then coming back the next day and whacking the stuffing out of the dog for having eaten...

I don't see what that has to do with "moral courage". It's not as if there's some clear "right path" that leaders refuse to walk because they haven't the courage. There is in fact nearly infinite...

You have to add in the perception that if you pool enough dubious loans together they somehow cease to be dubious. Add that to a huge supply of free money (interest rate below inflation rate = free...

I think Entropy effectively addressed the OP's original question: torture is intentional, collateral damage is accidental. Apples and oranges.

The point of thread diversion arrived here, as far...

Detroit's housing market may have shown a bounce but the base of the bounce was desperately low, and it's still a deeply distressed market that's not even conceivably near a bubble. What you're...

Are housing prices bubbling again? Maybe in Phoenix, but surely not in Detroit or Chicago. In any event, if private capital wants to buy up foreclosed single-family homes and convert them to...

There was a significant acceleration in 1952, and the peak was 1957.

In 1996 the 76 million Americans that make up the baby boom generation were between 32 and 50. In 1986 they were between 22...

The problem with these formulations is that tax policy is only one among many variables. Just for example, in the 1970s the baby boom generation was in college, consuming much and producing little. ...