SilasBarta comments on On Not Having an Advance Abyssal Plan - Less Wrong

21 Post author: Eliezer_Yudkowsky 23 February 2009 08:20PM

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Comment author: SilasBarta 24 February 2009 01:05:37AM 1 point [-]

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."