Should AIG Receive A Fed Bailout?

That's a good thing, even though I recall reading books in business school that argued quite vociferously that unfettered capitalism was the only path to world economic stability and, ultimately, world peace. I never bought it, however, because it's predicated on all countries allowing free access to their markets (though some economists have projections of how a free market trumps constrained markets in a global economy. It's just never been borne out).

We all do better and have a better standard of living and more "contentment points" in a strong, healthy, growing economy, so controls and regulations that help us move in that direction are obviously and de facto a good thing. Let's face it, as much as the late 90's might have been the "dot com bubble", it was also a very good time to be in business and I know I enjoyed the largess of the marketplace.

Which is why I find it so interesting that when I read the WSJ headline that Comments