Krugman’s insanity on forced lending begs the questions of forced lending to whom and for what? Even if the banks are forced to lend, what if nobody wants to borrow? Are potential borrowers going to be forced to borrow? Who are those borrowers supposed to be, and for what are they going to borrow from the banks to purchase? Will there be a random generation of forced borrowing? Will people in high tax brackets be forced to borrow? Or will there be a progressive form of forced borrowing, where each bracket has to borrow based on a factor of their … Continue reading Forced Lending To Whom?