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Source link: http://archive.mises.org/9501/tarp-visualized/

TARP Visualized

February 24, 2009 by

Yes, this is how it works.


Joe February 24, 2009 at 2:00 pm

Those pictures are exactly how I have envisioned TARP. In fact, that is how I envision everything the Federal Reserve and Government do and this latest stimulus package will be no different.

Bob Shoof February 24, 2009 at 2:36 pm

But don’t worry, the government can print as many cranes as it wants!

Greg February 24, 2009 at 2:47 pm

Yes they can print cranes but they become weaker and weaker the faster they’re made, all while growing larger and larger!

We’ll never be unemployed! Can I be Secretary of the Department of Crane-Fishing?

Michael February 24, 2009 at 4:27 pm

Brilliant Mr. Shoof.

Of course, as the number of cranes in the crane supply increase, the value of existing crane supply decrease.

Jaycephus February 24, 2009 at 8:08 pm

This is a decent visualization here:

Deefburger February 25, 2009 at 7:42 pm

LOL! My god what perfect analogy!

Les February 26, 2009 at 3:51 am

I have been trying to get to the subject site but it keeps timing out. Any suggestions?

ehmoran February 27, 2009 at 12:05 pm

Well, here we go. The banks today announced they will return TARP funding as fast as they can because the Gov’t wants to strap them ever more.

The banks are telling the Gov’t to “sit-on it”. “We don’t want your money, and therefore, control. We just won’t lend any money to people that can’t pay it back. You want to control and further manipulate and strangle the economy Washington, well, good luck with that, hope everything works out for you.”

So, the “Free Market” is making the Gov’t show it’s hand and telling the U.S. Gov’t what it can do with their “HELP”.

This suggests further that no amount of Gov’t intervention can trump the principles and fundamentals of the Free Market, regardless of Washington’s Arrogance”.

Pat February 27, 2009 at 1:11 pm

Ehmoran, interesting development. Let us hope this does not lead to a more naked nationalization of the banks. So long as things don’t get any worse. Plus, I am not so sure whether I would be trusting those banks. The fact that they lined up for the TARP in the first place is not going my perception of the banks as in bed with interventionism.

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