Well, here's some good news
Mar. 18th, 2008 08:14 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
conuly
People are more willing to embrace trains nowadays than before - like, really. Those statistics are very surprising.
Probably more because of money than the environment, but same difference. And (re)building rail lines - that's economy stimulating, isn't it?
My knowledge of history has weird gaps in it (well, I did grow up in the US, y'know), but I have this vague idea that The Cure for the Great Depression was a heck of a lot of public works projects. And, uh, a war. But seriously, that's why nobody ever goes "Gee, FDR - there was a crappy president if I ever saw one!", isn't it?
Of course, if that view I have is correct, we're probably totally screwed, I know.
Probably more because of money than the environment, but same difference. And (re)building rail lines - that's economy stimulating, isn't it?
My knowledge of history has weird gaps in it (well, I did grow up in the US, y'know), but I have this vague idea that The Cure for the Great Depression was a heck of a lot of public works projects. And, uh, a war. But seriously, that's why nobody ever goes "Gee, FDR - there was a crappy president if I ever saw one!", isn't it?
Of course, if that view I have is correct, we're probably totally screwed, I know.
no subject
Date: 2008-03-19 10:52 pm (UTC)Well, yeah, but I don't recall it either :) Thanks for the link, though - I'll love to see it, when I have a spare second. Right now I'm dead tired.
The consensus seemed to be that the real problem is actually a lack of rational, calm thought: traders became irrationally afraid banks would become insoluble, so they're doing things to protect themselves that unfortunately are making the banks unstable.
Oh. Like if you're worried there'll be a run on the banks, so you go to take out all your money, and the people who see you do the same thing, and then - hey, the bank's out of cash!, that sort of thing? But, uh, bigger?