75% of what Congressman Kucinich says in this video I completely disagree with, but its worth posting simply because of his accurate remarks in regards to the Federal Reserve. Its good to see a Democrat come out against the FED.
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Kucinich is a smart welfare liberal. If the financial markets don't open up, then where is the bailout money going?
Into the banks...
Which should open up the finacial markets, right? If the banks feel safe, then they will loan money...
"Which should open up the finacial markets, right? If the banks feel safe, then they will loan money"
I would think they would have motive to loan money in order to make profit. However, if they judge the borrowers too risky, they may not lend or lend at a high rate of interest.
In mean time the banks are probably trying to deleverage and cover bad debt.
But this is just a guess, I'm no expert.
"You're speaking about shortages. In free-markets shortages do not exist. There is scarcity, but no shortages. Therefore there would be no shortage of gold or any other metal to be used for currency. Shortages only occur when government intervenes, and this has proved historically true for gold as well. Rothbard provides evidence of this; I'm still learning."
Still, there should be an increase in loans, which in turn should fuel economic recovery, even if we accept your guess.
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