SilasBarta comments on On Not Having an Advance Abyssal Plan - Less Wrong
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Correct me if I'm wrong, but wasn't the problem that the government's economic "experts" seriously believed that the worst possible thing that could happen was that the system needed a "liquidity" injection?
Well, now the major institutions are clamoring for "liquidity", but that has by now become a euphemism for "free money in the form of a loan that no sane person expects to be paid back."