There was a decoupling. There was short-term decisionmaking as opposed to long-term decisionmaking and a decoupling of risk and the consequences of running those risks, which perverts the kind of decisions that are made.
Bayh discusses the negative impact of short-term incentives on corporate decision-making.
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In all likelihood there were gay Americans serving at Valley Forge, there were gay Americans at Gettysburg, there were gay Americans on Normandy Beach, there are gay Americans serving in Iraq and Afghanistan today.
If they become significantly affected by this, does that present a systemic risk of some kind?
The Fed, though, is now engaged in some rather extraordinary efforts, which I support, to prevent a lapse back into a more sluggish economy.