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Politics : The Environmentalist Thread -- Ignore unavailable to you. Want to Upgrade?


To: Maurice Winn who wrote (24530)5/15/2009 5:26:37 PM
From: koan  Respond to of 36917
 
The establishment of the FDIC to ensure bank loans sure solved a huge problem and the US never lost a cent on the deal.

There are economic tricks like that, which a smart government can use.

Economics is one of many "interactive, adaptive systems" explained in a larger theory called "complex adaptive systems, in which individual elements, parts or agents interract, then process information and adapt their behavior to changing conditions."

Scientific American, Jan 2008 p.38.

Many scientists, group ecnomics, evolution, law, immune systems, ecosystems, language and the internet into this larger theory.

Ayn Rand's thinking was not only silly, but very simplistic and wrong.