Roger Schank. What an unfortunate name. What were his parents thinking? The essay emphasizes the role of government but it fails to say what the government shouldn't do. When the government guarantee's loans for some lending institutions and not others it is meddling in the market and thus causing the 'invisible hand' to tremble and clinch up in arthritic spasms. It's like taking a Thoroughbred to the race track and tying one end of a rope to his left hind hoof and the other around his scrotum and expecting him to win the race. It doesn't work like that. Although it might be amusing to watch if you truly hate horses and I suppose it would be one way to control the spirit of an animal...
Yes, capitalism has winners and losers. So does life. Putting a government in charge of the Commanding Heights of a country's economy has proven to be a disaster so I'm concerned about the current trend to subsidize certain forms of energy and punish others with 'carbon credits.' I have no problem with taxing a bit more in a boom so that taxes can be relaxed during a bust. Likewise I have no problem with a 'bust fund' that can be used during a recession to help ailing industries. dj On Mon, Mar 9, 2009 at 8:52 AM, gruff <[email protected]> wrote: > > A failure to control the animal spirits ... > http://www.ft.com/cms/s/0/453e55ca-0c0c-11de-b87d-0000779fd2ac.html?nclick_check=1 > > > > > --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""Minds Eye"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/Minds-Eye?hl=en -~----------~----~----~----~------~----~------~--~---
