Ebola Outbreak (23 Viewers)

OP
Bjerknes

Bjerknes

"Top Economist"
Thread Starter #223
Mar 16, 2004
111,703
  • Thread Starter
    • Thread Starter #223
    FED'S PLOSSER: MONETARY POLICY CANNOT DO MUCH ABOUT ECONOMIC THREAT FROM EBOLA

    http://www.zerohedge.com/news/2014-10-16/feds-plosser-warns-when-it-comes-ebola-you-are-your-own

    :rofl:

    You mean, the Fed can't print antibodies? And why is the Fed expected to do "much" or anything for that matter about the economic threat from Ebola - isn't there a president and a Congress to actually deal with America's problems... instead of just making them worse that is?
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    The fact that these morons have to make a comment such as this (as if they are a god-like influence over the world) is really why our economy is terrible. The central planners all need to jettison themselves to Tatooine or take the route of the Hale-Bopp suicide heros.
     
    OP
    Bjerknes

    Bjerknes

    "Top Economist"
    Thread Starter #225
    Mar 16, 2004
    111,703
  • Thread Starter
    • Thread Starter #225
    Hustini said:
    So the Frontier Airlines plane that second victim flew on from Cleveland to Dallas flew 5 more flights before it was quarantined and sterilized.


    :sergio:

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    She even called the CDC before flying saying she had a 99.5 fever and they let her on the flight apparently knowing she was part of the team that dealt with the first patient from Liberia.
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    There's no incentive for any government agency to be properly prepared for a disaster unless they are certain it would impact all of their jobs. Being prepared means that you limit additional appropriation possibilities in the future when an actual event occurs. So, their economic policy is essentially:

    Maximize funding at time = 0, do as little preparation as possible that involves human planning, spend capital on unnecessary items, wait for event to occur, advise CONgress they did not have the necessary funds, rinse repeat ad infititum.

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    swag said:
    :D



    Why is this even a question? :lol2:
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    I think we have reached the point of no return, the Fed IS the whole economy. Naturally people look at them to "do something."
     
    Hængebøffer

    Hængebøffer

    Senior Member
    #227
    Jun 4, 2009
    25,185
    #227
    Bjerknes said:
    There's no incentive for any government agency to be properly prepared for a disaster unless they are certain it would impact all of their jobs. Being prepared means that you limit additional appropriation possibilities in the future when an actual event occurs. So, their economic policy is essentially:

    Maximize funding at time = 0, do as little preparation as possible that involves human planning, spend capital on unnecessary items, wait for event to occur, advise CONgress they did not have the necessary funds, rinse repeat ad infititum.
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    What a load of bollocks.
     
    swag

    swag

    L'autista
    Administrator
    #230
    Sep 23, 2003
    83,515
    #230
    I hear if you cover your body in mortgage derivatives, it can act as a protective layer to prevent contacting ebola.
     
    Ocelot

    Ocelot

    Midnight Marauder
    #231
    Jul 13, 2013
    18,943
    #231
    Bjerknes said:
    What is the economic incentive for them to be prepared? Can you name one?
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    First of all, economic incentives, while of course hugely important, are by far not the only incentive.

    Secondly, how would you give an economic incentive for any disease control center, organised in public, private or whatever form?
     
    swag

    swag

    L'autista
    Administrator
    #232
    Sep 23, 2003
    83,515
    #232
    You know, has anyone yet tried to use toxic assets as a form of chemotherapy?

    Just think of it: bank and cancer clinic.
     
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