John wrote: > The point is, because of his actions, we do not know and cannot know. > Considering the vast amounts of other people's money that he has spent > and the great moral hazard that he has created, the responsible thing > to have done would have been to have carefully studied the situation, > looking at what would actually happen, while simultaneously preparing > contingency plans it case intervention was deemed necessary after > careful study.
I have to go back to the burning building analogy. If you sit there and study the situation for a while, in all likelihood the window of opportunity to actually prevent the disaster will pass before you determine what it is you think might work. In any case, since you have no faith in economists, who would you have study the situation? Doug _______________________________________________ http://mccmedia.com/mailman/listinfo/brin-l_mccmedia.com
