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by Rod 6289 days ago
I am also a fan of "Darwinian Capitalism", but AIG and other huge financial institutions aren't called "too big to fail" without a reason. I advocate pragmatism over blind ideology. As much as I would like to see AIG implode, I think one should be careful and take into account what that would imply, and how the shockwave of destruction would affect the rest of the economy. All in all, all I am saying is: analyze the problem, make decisions based on data, not based on gut feelings or dogma.

Last but not least: the financial world in the 1920s was completely different than what it is today. Unfortunately, in Economics experiments are not exactly reproducible. For one reason they call it the dismal science, right?