Quote:
Originally Posted by Wes Mantooth
Yeah but there is something to be said for cutting off a gangrenous finger the save the hand too....or something. The whole issue of government bail outs and what not strikes me as a per issue thing no one solution is inherently right and any responsible government should explore any and all available options to bring about the best result for the issue at hand.
There is something to be said for not abolishing risk/responsibility altogether and letting the old and broken die off to be replaced by something better, but it isn't nor should it be the only solution we turn to for every crisis.
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Except that for this particular analogy, you have to keep the finger after you cut it off. Perhaps we're stretching it too far.
I agree with you that there is no one size fits all solution. However, the idea that we should let entire sectors of our economy fail based on a vague notion of economic Darwinism doesn't, to me, seem like the stuff of good economic planning.
Right now, the domestic auto industry seems to be making a bit of a comeback. If the "let 'em die" folks had there way, we'd instead have a sucking chest wound where the domestic auto industry used to be. Odd that these are some of the same folks who are complaining about Obama's performance with respect to unemployment. I would expect that in their world, periods of high unemployment would be a sign that the economy is working like it should- you know, crushing the unworthy, creative destruction, etc.