Wednesday, June 25, 2014

Paulsen weighs in on AGW, "CC"" and the supposed efficacy of government intervention

1.) This is amusing-- for a number of reasons-- to see Hank Paulsen on the side of AGW, "CC", and govt intervention as a solution to whatever problems we might have in this realm. Skeptics have to be happy with this development!

2.) This is a potentially provocative metaphor-- the applicability of which depends on which side is correct.

a.) markets can generate relatively small bubbles;
b.) govt intervention is required to generate much larger bubbles;
c.) bubbles eventually self-correct through market activity;
d.) govt policy to deal with bubbles often causes even more trouble (as with the 2007 recession and following "recovery")


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