by Tyler Cowen
on September 16, 2008 at 10:22 pm
Really. View it here. This one is even better. Here is the Fed on risk protection. And here: "The Greatest Risk is Not Taking One." Here is Fed Karaoke.
So, should I buy a bunch of AIG stock tomorrow as soon as the market opens and then sell it a few hours later?
Any chance this will make the socialist lefties realize their mantra that we live in a “free market society” is as real as flying pink elephants?
But those are all commercials for AIG–OH WAIT!
> Well, Obama just blamed all this on GWB’s “laissez-faire, free market” policies.
Republicans have poisoned the libertarian brand.
Well, it looks like the Fed has become the new Gosplan. Capitalism was nice while it lasted.
Who is President? Who is bailing out these companies? Who is the socialist?
What is magic about this 79.9% equity?
Anywhoo, the Fed needs a slogan, I propose;
“The Fed: As good as gold, only better.”
“The Fed: Half the time, we got your back every time. Security you can trust. Maybe. Don’t tell noone.”
“The Fed: The only moral hazard is not having one.”
“We do our best, so you can do your worst.”
“Who ensures your insurer? The Fed.”
“Where would you be without us? We aren’t telling.”
Andrew, add one inspired by AIG:
“The Fed: Never outlive our money.”
“When your building is on fire, call me, I have a helicopter – Ben”
“The Fed: Leading us out of the chaos and into the singularity”
“When it comes to bail-outs, noone has bigger buckets – Big Bucket Ben”
Marginal Economedy…Don’t encourage me.
andrew, please continue. i just LOLed.
that was glorious
Of course this one is fine
And most of the others there have some bearing.
I love Republian Free Market Zealots.
We are not seeing the culmination of Republican Free Market policies coming home to roost. No regulation so we can steal everything thats not nailed down style, just like enron in the deregulated energy markets in California.
Well – Georgie and his GOP clown posse ran on smaller government right? Profits are private for these guys, but losses are to be shared by all (downside risks socialized).
I thought cosmotarian libertarians loved the Fed….anyone critical of the federal reserve is a kook or a anti-semite is what most of the cosmotarians here were saying when Ron Paul was trying to get into the debates.
Now your critical of the Fed?
End the Fed Los Angeles – GREAT NEW VIDEO
I visit first time in this blog. I feel this blog is very important.
Is it realistic?
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