Comments on: Behavioral Economics and Underwater Mortgages http://www.openculture.com/2009/12/behavioral_economics_and_underwater_mortgages.html The best free cultural & educational media on the web Mon, 13 Feb 2012 21:01:48 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: David Jackemeyer http://www.openculture.com/2009/12/behavioral_economics_and_underwater_mortgages.html#comment-8471 David Jackemeyer Mon, 07 Dec 2009 05:23:11 +0000 http://www.openculture.com/?p=5926#comment-8471 The author quickly loses my respect with wacky combinations of statements. Dear author, 1) How do banks behave? 2) Capitalist players in a free market, which currently does not exist, would not be free from social preferencing -- Google it -- however, todays wannabe capitalists are given permission to skirt responsibility by appealing to an institution with a monopoly on force; viola!, the costs of personal responsibility are spread to the taxpayers (who are held at gun point to take care of the messes). It's like a sick game of Hot Potato, and the homeowners, banks, etc. are just playing by the rules! Enough -- must recall my priorities... The author quickly loses my respect with wacky combinations of statements.

Dear author,
1) How do banks behave?

2) Capitalist players in a free market, which currently does not exist, would not be free from social preferencing — Google it — however, todays wannabe capitalists are given permission to skirt responsibility by appealing to an institution with a monopoly on force; viola!, the costs of personal responsibility are spread to the taxpayers (who are held at gun point to take care of the messes).

It’s like a sick game of Hot Potato, and the homeowners, banks, etc. are just playing by the rules!

Enough — must recall my priorities…

]]> By: David Jackemeyer http://www.openculture.com/2009/12/behavioral_economics_and_underwater_mortgages.html#comment-8470 David Jackemeyer Mon, 07 Dec 2009 05:14:05 +0000 http://www.openculture.com/?p=5926#comment-8470 This paragraph is clearly a collage of political sound-bites -- distasteful, please remove. This paragraph is clearly a collage of political sound-bites — distasteful, please remove.

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