Monday, September 29, 2008

No Bailout

Apparently, it ain't happening yet. It's pretty damn heartening. In fact, it's so heartening that a little something inside of me is really wondering whether doing nothing is actually a real possibility. Who would've thought?

The truth probably is that no one quite knows what the overall economic effects of doing nothing will be, so in a way, whether you want the government to do something or you want the government to do nothing, we're all just going on faith. And maybe, just maybe, we ought to have some faith in the market, because I'm not sure I can think of a time where any government anywhere ever successfully managed large sectors of the economy. For now, I'll keep my fingers crossed.


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