{"id":425,"date":"2008-09-25T23:45:17","date_gmt":"2008-09-26T03:45:17","guid":{"rendered":"https:\/\/dandunn.org\/blog\/?p=425"},"modified":"2008-09-25T23:46:42","modified_gmt":"2008-09-26T03:46:42","slug":"another-bailout-note","status":"publish","type":"post","link":"https:\/\/dandunn.org\/blog\/2008\/09\/another-bailout-note\/","title":{"rendered":"Let a Million Successes Bloom"},"content":{"rendered":"<p>Bush says that if we don&#8217;t do a bailout, then we&#8217;ll get a recession.  It&#8217;s tough to argue that, but. . .  when there are huge financial mistakes, don&#8217;t you expect a recession?  I&#8217;m unconvinced that a bailout actually averts a recession.  It just costs more.<\/p>\n<p><a href=\"http:\/\/feedproxy.google.com\/~r\/FeldThoughts\/~3\/rnnUPuGbMAc\/eyes_wide_open.html\">Brad Feld<\/a>: &#8220;I reread Nassim Nicholas Taleb&#8217; brilliant book <a href=\"http:\/\/www.amazon.com\/gp\/product\/1400063515?ie=UTF8&amp;tag=feldwebsite-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=1400063515\" target=\"_blank\">The Black Swan: The Impact of the Highly Improbable<\/a><img loading=\"lazy\" decoding=\"async\" style=\"margin: 0px;\" src=\"http:\/\/www.assoc-amazon.com\/e\/ir?t=feldwebsite-20&amp;l=as2&amp;o=1&amp;a=1400063515\" border=\"0\" alt=\"\" width=\"1\" height=\"1\" \/>.  I reached a very simple conclusion &#8211; everything that I was watching being discussed on CNBC was probably incorrect and, more importantly, likely irrelevant.  The actual events that occurred would take me less than five minutes to read the following week when I skim BusinessWeek in the bathroom.  The commentary was just noise.&#8221;<\/p>\n<p>All of these talking heads saying that we need a bailout are empty parrots.  Bernake and Paulson haven&#8217;t slept in days &#8211; they aren&#8217;t capable of rational thought anymore.  Bush was never a problem solver.  McCain and Obama are focused on November, not the long term.<\/p>\n<p>I haven&#8217;t changed my mind.  Let the failures fail.  Let a million successes bloom.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bush says that if we don&#8217;t do a bailout, then we&#8217;ll get a recession. It&#8217;s tough to argue that, but. . . when there are huge financial mistakes, don&#8217;t you expect a recession? I&#8217;m unconvinced that a bailout actually averts a recession. It just costs more. Brad Feld: &#8220;I reread Nassim Nicholas Taleb&#8217; brilliant book [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-425","post","type-post","status-publish","format-standard","hentry","category-national"],"_links":{"self":[{"href":"https:\/\/dandunn.org\/blog\/wp-json\/wp\/v2\/posts\/425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dandunn.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dandunn.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dandunn.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dandunn.org\/blog\/wp-json\/wp\/v2\/comments?post=425"}],"version-history":[{"count":0,"href":"https:\/\/dandunn.org\/blog\/wp-json\/wp\/v2\/posts\/425\/revisions"}],"wp:attachment":[{"href":"https:\/\/dandunn.org\/blog\/wp-json\/wp\/v2\/media?parent=425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dandunn.org\/blog\/wp-json\/wp\/v2\/categories?post=425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dandunn.org\/blog\/wp-json\/wp\/v2\/tags?post=425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}