Archive for October 2, 2008

The ripple effect OR bail out the banks otherwise you will all suffer!

The ripple effect has been used very effectively to rally support for the banking bail-out in the US. The argument goes as follows, “bail-out the banks now otherwise the financial sector, the very heart of capitalism, will fail and doom will befall all that walk the earth!”. This argument is entirely false and here is why. Read the rest of this entry »

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