Source: Technology Review
quote: The economy already has institutions designed solely to assess risk and lend money. If they won't do it, why does the government think it can do better?
quote: One job of the gov't is to maximize economic growth given the current conditions.
quote: Why shouldn't the gov't be a last resort for investing idle capital
quote: The Government cannot grow the economy. The best it can do is get out of the way.
quote: If Mint and everyone with his mindset had sent Musk a check for $25 or so bucks, we wouldn't be having this discussion
quote: Mint is in favor of Tesla, so he's trying to make an argument that the loans are good for all of us
quote: Wrong. That was already tried, and he only raised ~$200M. It's called an IPO.
quote: So if Tesla wasn't important enough for you (the figurative you) to invest in, don't turn around and then claim the Government needs to pick up the slack!
quote: It's why we're in the mess we're in today.
quote: As far as you comparing nuclear power generation, a public service/good, to an electric car for the rich....WOW!
quote: industry has to start somewhere
quote: As far as you comparing nuclear power generation, a public service/good, to an electric car for the rich
quote: No, that is not a "job" of the Government. What-so-ever. No wonder you are the way you are.
quote: Idle capital? We're trillions in debt.
quote: Yeah you go ahead and tell that to the American people who had the economy as their #1 issue on both sides of the isle.
quote: You're living in the past. Every modern gov't that tried to get out of the way during this recession saw its economy shrink and make the problem worse.
quote: Just move to Somalia already and live in your minimal government paradise.
quote: Did the stimulus work? Has anything worked? If you were right, the past 5 years of record spending would equal record prosperity and economic growth. Hello?
quote: Yeah it was such a big issue, they re-elected the guy who made the economy worst
quote: That's absolutely false. We're living proof that you cannot spend your way out of a bad economy. Did the stimulus work? Has anything worked? If you were right, the past 5 years of record spending would equal record prosperity and economic growth.
quote: But there is good news, the GDP actually grew last quarter. By a tenth of a percent. I guess that's an affirmation, in your mind, of the big Gov approach you're shoveling.