“There are so many people who think that if we get our financial markets back to health, the economy will recover. Its probably necessary, but its clearly not going to be sufficient…Even after our banks are repaired they are not going to be lending in the irresponsible way they did before the crisis. We wouldnt want them to.”
-
Categories
- alternative narratives.
- Art
- black
- book notes
- challenges
- Community
- Daily notes
- doug art
- doug working conditions
- Education
- essays
- Financial system
- GardenWorld
- Governance
- ideas
- key issues
- MAHB
- new book
- Overview
- paragraphs
- real time
- sidebar
- Social science and humanities
- Strategy Center
- sustainability
- tech and society
- Watsonville Plan
- world stuff
-
Meta
Banks don’t loan money until they have a reasonable feeling the economy will recover. They will sit on the money and current good loans and wait.