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I mean that self-regulation is failing to solve the current crisis and thus that public intervention is needed after all.

Happy to get clearer, improved wording suggestions!

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Mon Mar 17th, 2008 at 08:12:08 AM EST
[ Parent ]
OK, I thought that's what you meant.

But there was the impression that public intervention=failure, which of course is the case in libertarianworld. Here in realworld, it may not be so. So, what about, "failure that leads to public intervention after all".

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi

by Cyrille (cyrillev domain yahoo.fr) on Mon Mar 17th, 2008 at 08:17:22 AM EST
[ Parent ]
I wish you could add a P.S. that includes links to all your predictions that came true and say "you can't say something 'could not have been predicted' that WAS predicted."  

It's similar to the situation one finds oneself in when asking "since a person like ME could assess Bush's war claims and analyze his statements and positions and the other available evidence to conclude that he was A LIAR, why couldn't those people in the Congress figure that out, too?"  "Who could have known he would lie to us?" they ask, and millions of us answer "Us, you d***wads!"

So now they say "No-one could have predicted this," and we answer "Well, actually, just for starters, there's Jerome in Paris," so I hope those words turn into tomatoes and go flying back at you, Greenspan.

Karen in Austin

'tis strange I should be old and neither wise nor valiant. From "The Maid's Tragedy" by Beaumont & Fletcher

by Wife of Bath (kareninaustin at g mail dot com) on Mon Mar 17th, 2008 at 11:25:41 AM EST
[ Parent ]
How about:

" . . . on the very day that self-regulation not only demonstrates its helplessness in the face of mounting market panic but also the need for public intervention, in the form of . . . "

I hope this doesn't come too late to be helpful.

by keikekaze on Mon Mar 17th, 2008 at 10:35:48 PM EST
[ Parent ]
The clearest and shortest formulation is probably;

" . . . on the very day that self-regulation demonstrates its helplessness in the face of mounting market panic, and therefore the need for public intervention, in the form of . . . "

by keikekaze on Mon Mar 17th, 2008 at 10:43:36 PM EST
[ Parent ]

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