We actually know a great deal about 'animal spirits', but more or less fail to teach anything we know about them.
On 10 Mar, 06:31, Don Johnson <[email protected]> wrote: > 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?n... --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
