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[Tyrone Slothrop]

Originally Posted by sebastian_dangerfield

You have to burn the forest every now and again to save it. If the system never "clears," the system grows more and more fragile, and when it runs into its next crisis, the result is cataclysmic.

Do I think we should follow the lead of Andrew Mellon in 1929? No. There are smart, limited things to be done to fix a problem. You don't let the world burn entirely. But when you fix the problem, you allow enough creative destruction to take place to wipe out most of the big players who caused the crisis, and allow smaller, more deserving and more innovative players to take their place.

Libertarianism stands for many bad things. But it stands for many good things. And one of those good things is allowing a stagnant system that has pretty much devolved into rentier/crony capitalism and financial engineering to collapse to the extent it should, and allow a better group of actors to take the place of the past regime. What's so bad about that? Oh, I know what's bad about that... Many of us, here, have our bread buttered by that rentier/crony capitalist system. It pays for our tony lifestyles which allow us to come here and complain about its unfairness, and advocate fixes at its margins, but never of a sort which would directly impact us. I believe the old term for this, worth dusting off, is "limousine liberal."

One of us here is living the libertarian's wet dream, and it's me. Just so we're clear on that.