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oh, that argument is getting soo tired... even though I agree with it on some level. you see, capitalism is based on confidence. lose confidence and you lose e

by borism 16y ago

oh, that argument is getting soo tired... even though I agree with it on some level. you see, capitalism is based on confidence. lose confidence and you lose everything. buying time helps to restore confidence. does it make system more stable? no. but it helps to prolong system's life. it's like Ponzi scheme - we need to keep it running, because when it stops... or do you have a better idea?

anamax 16y ago
> that argument is getting soo tired The relevant question is whether it is correct, not whether it is "tired". > buying time helps to restore confidence No, it doesn't. At best it delays the time when confidence is lost. In reality, it increases the cost of that loss of confidence. (And, it's not confidence, but this message is tedious enough.) > do you have a better idea? Yes - take the hit as soon as possible. It costs less then and you haven't spent much trying to avoid it. Win win.