Given the economic problems lately, a lot of you have probably heard the term “Too Big To Fail” – the idea that, roughly, a given entity in the economy is so important, so vital, that they need special consideration from the government. It’s not that such an entity can’t fail – it’s that they won’t be allowed to fail, if it’s at all avoidable. Think of it in smaller terms. Say your small town is hosting a beauty pageant. And let’s say one of the entries into this pageant is the daughter of a very wealthy out-of-town businessman, who is considering moving a factory to your town – a factory that will supply jobs the locals and the local economy … Continue reading Darwin: Too Important To Be Wrong