Quote:
Originally Posted by Joe
I wrote that economics and biology were disciplines, not economics and evolution.
Propping up banks in the short term and then evaluating them as to their degree of solvency makes better sense than allowing solvent banks to become a casualty of widespread panic.
If the banks fail, the government has to step in as the nation cannot function without a banking system. A partial government stake in a bank is small step toward socialism, nationalizing the banking system is a giant step. There's no piece of the sh_t pie we've baked that tastes good, but given a choice I'd like a small piece, please.
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In the first sentence of my reply I said that economics and biology were not separate disciplines to an evolutionist. Then went on about evolution, taking it to be understood that any discussion of evolution applied to evolutionary economics.
As for the sh_t pie, I'd rather pass on it, fire the cook and hire a new one.