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Is this need to avoid talking about a solvency crisis a real need that exists for a good reason (say, to avoid a run on the banks?), or is it purely a result of the Bay of Pigs syndrome?

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Sep 28th, 2008 at 05:02:42 AM EST
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Bruce has now expanded that comment into a diary.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Sun Sep 28th, 2008 at 05:10:33 AM EST
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