"The great masses of the people…will more easily fall victims to a big lie than a small one." - Adolf Hitler
This current American economic meltdown might one day be traced back to the big lie that some American companies (or institutions) were "too big to fail", and therefore required government bailout money to save them regardless of the cost. This lie went down with hardly a whimper of protest, perhaps because we, the common taxpayers, didn’t feel qualified to question or contradict any high government official or so called “expert economist” who makes such pronouncements.
To believe that anything is too big to fail is a big, fat lie (think the Roman Empire, communism, etc.).
The possibility of failure is as intrinsically embedded in the American free-enterprise system as is the possibility of success. One cannot logically exist without the other.
