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Tuesday, September 11, 2007

The barber/Russel paradox in the context of economics

The barber saves everyone who does not save himself. That's it. Bertrand Russel wrote it differently in maths - The barber shaves everyone who does not shave himself. In economics the barber uncle Sam will save everyone by policy manoeuvre, economic measures, fund injection and by helping directly to write-off bad loans/assets. But the question is who will save the barber?

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