Thing is at the moment the bailing out has been done by a 'right-wing' government. Fannie Mae/Freddy Mac was a bail-out for the man-in-the-street. AIG may be a bail-out of a different kind. Lehman's didn't get bailed out at all, and have gone to the wall. Possibly Goldmans and Morgans will go the same way.
Would help if I could spell ideological too.
WWII was a boom for industry: Keynes was right.
I don't reckon Philosophy and Economics mix too well. Pragmatic fudging seems to be the best we can manage. (Much like Hilbert's dream of a perfect unified mathematics falls over as soon as Russell's Set Theory Paradox hoves into view: and then the coup de grace is applied by Godel's Incompleteness I & II.) But that's just my opinion.
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timeasmymeasure
no subject
Date: 2008-09-18 09:42 am (UTC)Lehman's didn't get bailed out at all, and have gone to the wall. Possibly Goldmans and Morgans will go the same way.
Would help if I could spell ideological too.
WWII was a boom for industry: Keynes was right.
I don't reckon Philosophy and Economics mix too well. Pragmatic fudging seems to be the best we can manage. (Much like Hilbert's dream of a perfect unified mathematics falls over as soon as Russell's Set Theory Paradox hoves into view: and then the coup de grace is applied by Godel's Incompleteness I & II.)
But that's just my opinion.