Comments on: World markets rack up another round of losses http://www.crikey.com.au/2008/10/23/world-markets-rack-up-another-round-of-losses/ now with extra source Tue, 24 Nov 2009 06:17:51 +1100 http://wordpress.org/?v=2.8.6 hourly 1 By: Jared http://www.crikey.com.au/2008/10/23/world-markets-rack-up-another-round-of-losses/#comment-2392 Jared Thu, 01 Jan 1970 10:00:00 +0000 #comment-2392 It's odd that the US currency has exploded in value given Ben Bernanke's policy prescription of airdropping US dollars into the economy. If these dollars aren't finding their way to main street due to hoarding by banks, wouldn't it make sense to just nationalise them and unravel the webs of hidden debt as quickly as possible so they can get back to the business of lending money again?<br /><br />They could always refloat them again at a later date once a proper regulatory system is in place. If I'm not mistaken, this is the path Sweden took to pull itself out of a banking crisis... It’s odd that the US currency has exploded in value given Ben Bernanke’s policy prescription of airdropping US dollars into the economy. If these dollars aren’t finding their way to main street due to hoarding by banks, wouldn’t it make sense to just nationalise them and unravel the webs of hidden debt as quickly as possible so they can get back to the business of lending money again?

They could always refloat them again at a later date once a proper regulatory system is in place. If I’m not mistaken, this is the path Sweden took to pull itself out of a banking crisis…

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