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Then a financial crisis hits and the government finds itself unable to react to the needs of a paralyzed market. It's a nice idea in principle. But any time som
by mkr-hn 15y ago
Then a financial crisis hits and the government finds itself unable to react to the needs of a paralyzed market. It's a nice idea in principle. But any time something like this or a balanced budget law/rule comes up in congress, it never has a provision for reacting to emergencies.
- CamperBob 15y agoThe problem with that is, as we've seen (and are seeing), it's trivial to manufacture an 'emergency' or a 'crisis' on demand, whenever it's convenient.
- mkr-hn 15y agoA government that can react to real crises while being vulnerable to fake ones is the best option I've seen so far. People are very creative when it comes to working around problems. Some people see data processing efficiency as a problem to solve. Others see finding ways to manipulate government for profit as one.