tag:blogger.com,1999:blog-53246864840716464.post7144948834851327371..comments2024-02-29T00:46:38.800-08:00Comments on Washingtons Blog: Nobel Economist Ed Prescott: "Don’t Subsidize Inefficiency.... Let These Businesses Go Bankrupt. They Gambled, They Lost. That’s Part Of Life"Unknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-53246864840716464.post-71900514557516318282009-04-01T15:45:00.000-07:002009-04-01T15:45:00.000-07:00A Nobel prize does not confer expert status on any...A Nobel prize does not confer expert status on anyone anymore. If anything, it makes people suspicious. Look at all the liars, crooks, and murderers who have received a Nobel prize over the years. Mostly from the Left, too, that should tell you something. Nobel carries the same fishy smell as Rhodes Scholar these days.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-87039221159828440742009-03-31T01:49:00.000-07:002009-03-31T01:49:00.000-07:00I second it!!Just let me go out of existence ASAPI second it!!<BR/><BR/>Just let me go out of existence ASAPkplhttps://www.blogger.com/profile/11270590963692578366noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-6160642474299058602009-03-30T15:03:00.000-07:002009-03-30T15:03:00.000-07:00It's a popular sentiment and I agree within limits...It's a popular sentiment and I agree within limits. The government should do what it can to see that the economy or the banking system do not collapse as a result of the gambling of executives. However, in doing so, it needs to make sure that executives, shareholders, other companies that invested in risky instruments lose their shirts.<BR/><BR/>If a company or bank is too big to fail, it is too big. Take it over, break it up into manageable pieces, and sell it back to the private sector.Charles Dhttps://www.blogger.com/profile/02975241234146573609noreply@blogger.com