主题：【原创】浅议美国的救市（上） -- 葡萄

历史上欧洲各国战争不少，可为什么打仗呢？还不是因为利益攸关。因为利益能打就能和。日本身边只有同中国合作才有可能顶住美国的压力，不过这个大块头个头太大，真合作起来日本只能当小弟。不谈历史恩怨，这个也足够让日本踌躇一阵子了。

看看这次怎么收场吧，日本再被捞一票是必然的，得利的是中国还是美国倒是走着瞧。平心而论，日本战后的发展本来就有美国扶植的因素在内，人家能扶你，自然就能刮你，不奇怪。

del

To the Speaker of the House of Representatives and the President pro tempore of the Senate:

As economists, we want to express to Congress our great concern for the plan proposed by Treasury Secretary Paulson to deal with the financial crisis. We are well aware of the difficulty of the current financial situation and we agree with the need for bold action to ensure that the financial system continues to function. We see three fatal pitfalls in the currently proposed plan:

1) Its fairness. The plan is a subsidy to investors at taxpayers’ expense. Investors who took risks to earn profits must also bear the losses. Not every business failure carries systemic risk. The government can ensure a well-functioning financial industry, able to make new loans to creditworthy borrowers, without bailing out particular investors and institutions whose choices proved unwise.

2) Its ambiguity. Neither the mission of the new agency nor its oversight are clear. If taxpayers are to buy illiquid and opaque assets from troubled sellers, the terms, occasions, and methods of such purchases must be crystal clear ahead of time and carefully monitored afterwards.

3) Its long-term effects. If the plan is enacted, its effects will be with us for a generation. For all their recent troubles, Americas dynamic and innovative private capital markets have brought the nation unparalleled prosperity. Fundamentally weakening those markets in order to calm short-run disruptions is desperately short-sighted.

For these reasons we ask Congress not to rush, to hold appropriate hearings, and to carefully consider the right course of action, and to wisely determine the future of the financial industry and the U.S. economy for years to come.

Signed

Acemoglu Daron (Massachussets Institute of Technology)

Adler Michael (Columbia University)

Admati Anat R. (Stanford University)

Alvarez Fernando (University of Chicago)

Andersen Torben (Northwestern University)

Beim David (Columbia University)

Berk Jonathan (Stanford University)

Bisin Alberto (New York University)

Boldrin Michele (Washington University)

Buera Francisco J.(UCLA)

Cassar Gavin (University of Pennsylvania)

Chaney Thomas (University of Chicago)

Chauvin Keith W. (University of Kansas)

Chintagunta Pradeep K. (University of Chicago)

Christiano Lawrence J. (Northwestern University)

Cochrane John (University of Chicago)

Coleman John (Duke University)

Constantinides George M. (University of Chicago)

Crain Robert (UC Berkeley)

De Marzo Peter (Stanford University)

Dubé Jean-Pierre H. (University of Chicago)

Edlin Aaron (UC Berkeley)

Ely Jeffrey (Northwestern University)

Faulhaber Gerald (University of Pennsylvania)

Fox Jeremy T. (University of Chicago)

Fuchs William (University of Chicago)

Gao Paul (Notre Dame University)

Garicano Luis (University of Chicago)

Gerakos Joseph J. (University of Chicago)

Gibbs Michael (University of Chicago)

Goettler Ron (University of Chicago)

Goldin Claudia (Harvard University)

Guadalupe Maria (Columbia University)

Hansen Lars (University of Chicago)

Harris Milton (University of Chicago)

Hart Oliver (Harvard University)

Hazlett Thomas W. (George Mason University)

Heaton John (University of Chicago)

Heckman James (University of Chicago - Nobel Laureate)

Henisz, Witold (University of Pennsylvania)

Hertzberg Andrew (Columbia University)

Hite Gailen (Columbia University)

Hitsch Günter J. (University of Chicago)

Hodrick Robert J. (Columbia University)

Hopenhayn Hugo (UCLA)

Hurst Erik (University of Chicago)

Israel Ronen (London Business School)

Jaffee Dwight M. (UC Berkeley)

Jagannathan Ravi (Northwestern University)

Jenter Dirk (Stanford University)

Jones Charles M. (Columbia Business School)

Kaboski Joseph P. (Ohio State University)

Kaplan Ethan (Stockholm University)

Karolyi, Andrew (Ohio State University)

Kashyap Anil (University of Chicago)

Ketkar Suhas L (Vanderbilt University)

Kiesling Lynne (Northwestern University)

Koch Paul (University of Kansas)

Kocherlakota Narayana (University of Minnesota)

Koijen Ralph S.J. (University of Chicago)

Kondo Jiro (Northwestern University)

Korteweg Arthur (Stanford University)

Kortum Samuel (University of Chicago)

Krueger Dirk (University of Pennsylvania)

Lee Lung-fei (Ohio State University)

Leuz Christian (University of Chicago)

Levine David I.(UC Berkeley)

Levine David K.(Washington University)

Linnainmaa Juhani (University of Chicago)

Manski Charles F. (Northwestern University)

Martin Ian (Stanford University)

Mayer Christopher (Columbia University)

McDonald Robert (Northwestern University)

Meadow Scott F. (University of Chicago)

Mian Atif (University of Chicago)

Middlebrook Art (University of Chicago)

Miguel Edward (UC Berkeley)

Miravete Eugenio J. (University of Texas at Austin)

Miron Jeffrey (Harvard University)

Moro Andrea (Vanderbilt University)

Morse Adair (University of Chicago)

Mortimer Julie Holland (Harvard University)

Nevo Aviv (Northwestern University)

Ohanian Lee (UCLA)

Pagliari Joseph (University of Chicago)

Papanikolaou Dimitris (Northwestern University)

Peltzman Sam (University of Chicago)

Perri Fabrizio (University of Minnesota)

Phelan Christopher (University of Minnesota)

Piazzesi Monika (Stanford University)

Piskorski Tomasz (Columbia University)

Reagan Patricia (Ohio State University)

Reich Michael (UC Berkeley)

Reuben Ernesto (Northwestern University)

Roberts Michael (University of Pennsylvania)

Rogers Michele (Northwestern University)

Ruud Paul (Vassar College)

Safford Sean (University of Chicago)

Sandbu Martin E. (University of Pennsylvania)

Sapienza Paola (Northwestern University)

Scharfstein David (Harvard University)

Shang-Jin Wei (Columbia University)

Shimer Robert (University of Chicago)

Siegel Ron (Northwestern University)

Sorensen Morten (Columbia University)

Spiegel Matthew (Yale University)

Stevenson Betsey (University of Pennsylvania)

Stokey Nancy (University of Chicago)

Strahan Philip (Boston College)

Strebulaev Ilya (Stanford University)

Sufi Amir (University of Chicago)

Thompson Tim (Northwestern University)

Tschoegl Adrian E. (University of Pennsylvania)

Uhlig Harald (University of Chicago)

Ulrich, Maxim (Columbia University)

Van Buskirk Andrew (University of Chicago)

Veronesi Pietro (University of Chicago)

Vissing-Jorgensen Annette (Northwestern University)

Weill Pierre-Olivier (UCLA)

Witte Mark (Northwestern University)

Wolfers Justin (University of Pennsylvania)

Zingales Luigi (University of Chicago)

del

看来中国是需要在两个轮子之间安装差速器,否则一个轮子太快必定会拖跨另外一个,特别是经济这个轮子的驱动是由近乎自然规律的市场规律,而另外一个是人为设计的机制,孰快孰慢一目了然.

举一个例子,在经济这个轮子里运转的人就象每天被狼追着一样,睁开眼就要跑,睡觉的时候也得保持警惕;在政治这个体系的轮子里运转的人就象动物园的狼一样每天看看哪里有利益可以咬上一口,问题是这个狼不追也饿不死,追是为了吃的更好.动力不一样,结果自然就不一样.

除非物理学有突破性进展。这跟大航海毕竟差的太远。

社会福利的意义就是为了不让野狼太饿？

del

• 【原创】浅议美国的救市（上）
• （1） 三鹿篇（正文增加了三鹿篇经济版本的连接）
• 呵呵，时事的部分自然是应该说时事

然后再看

狼们哪里把那点福利看在眼里啊,狼和狼的待遇也是很不一样的,也有家狼和野狼的分别的.对于从温饱不保的野狼刚变成有福利待遇的自然满足,但是对于习惯有保障的几代家养(不如说国养)太子狼们,既不想拼命地跑,又想和拼命跑的享受一样的待遇,就要利用两个轮子的关联性来制造好处,于是乎权利寻租出现鸟...(不分给我好处?哼哼,让你也跑不动!)

恭喜：你意外获得【通宝】一枚

鲜花已经成功送出。

此次送花为【有效送花赞扬，涨乐善、声望】

现在的危机和小罗那个时代已经不同了。无论从形式和表现看都已经不同了。

小罗可以关闭证券市场就解决很大问题，可是现在的证券市场不但无法关闭，那么复杂的衍生产品也是无法关闭的吧。