Tuesday, April 21, 2009

What I think I think today about capitalism and CNBC

1 - Melissa Lee is getting more comfortable in the center seat at FastMoney, and starting to be enjoyable to watch. She was a bit tentative at first, but I think she's getting into the spirit of the show. Dillon Ratigan was one of my favorites, and I hope he lands another good show somewhere.

2 - too big to fail = too big to exist. We need to modify anti-trust laws to make sure financial institutions don't get so big that for one of them (or even a couple or three) fail would be the end of the world. THIS is the conversation we need to be having. Not big gov't or small, not capitalism or socialism.

The facts are as follows: A key element (and some would say the MAIN element) that makes capitalism the best system devised to date is its RESILIENCE, its lack of brittleness. Companies are created, innovate, perform, shrink, and die, and life goes on. BUT, when companies become so BIG and IMPORTANT that they can't possibly fail without it being the end of the world, capitalism cannot work. This is where the important and appropriate application of gov't regulation. I wish more people were talking about THIS.

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Minimally Logged Operations in SQL Server

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