[wmf]

I don't think a lost decade is what low-income people need right now.

[dllthomas]

I'd interpreted that as about 60% of the point.

[gress]

Exactly - making things harder for people as a way to stimulate the market to cause change just makes the world a nastier place.

[dllthomas]

Sure, but in this case it's "doing less to warp the market in ways that make it easier for particular people". Regardless you've got to think about who will take up the slack and how while things adjust, though.

[gress]

I think we are still tinning about markets in Newtonian terms, where in reality they are relativistic - everything warps the market.