In his recent testimony before Congress, Federal Reserve Chairman Ben Bernanke answered critics of the government intervening in the economy using the analogy. He asked if you let the house of your neighbor who smokes in bed burn down to teach him a lesson and put the entire neighborhood at risk. You can read what he said below.
Interestingly, I used the exact same analogy back in October. Here is the blog entry.
http://vogelsinthailand.blogspot.com/2008/10/house-on-fire.html
So, great minds think alike, or is someone reading my blog?
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