This brings us to our last favorite cause of the financial crisis: bad government regulation.
As always, bad government policy, not finite resources or growth, is what causes shortages.
Two more frescoes flank this painting, one depicting the effects of good government and another showing the effects of bad government.
Thus, what began in August 2007 was not the failure of free markets but the result of bad government actions: Greed and recklessness always run rampant during a bubble.
Every economic disaster during the last 100 years has its origins in bad government economic policies, from the Smoot-Hawley Tariff, which triggered the Great Depression, to the Federal Reserve's excessive printing of money, which brought us the Great Inflation of the 1970s and the recent housing bubble.
Strife in the workplace is bad for management, bad for business, bad for government and bad for workers.
"This has been bad for community relations and bad for government, " he said.
Availability bias, for example, could apply to the way investors overreact to recent news such as a spike in volatility or a bad European government bond auction.
Citi remains heavily exposed to housing drag with toxic assets souring the balance sheet, and there still could be substantive blowback for big banks holding bad European government debt.
The housing market crashed, banks went bad and the government will save the day.
History suggests that such a combination should be bad news for government bonds.
ECONOMIST: Why are both Treasury bonds and gold performing so well?
But also, there were no polling stations within Tiger-held territory, and would-be voters faced long journeys over bad roads to government-controlled areas.
Paul Miller of Friedman Billings Ramsey, an investment bank, says a government bad bank can pay more for assets than a private investor because its cost of funds is irrelevant, it needs no capital and can hold the assets to maturity.
"I have come to believe that if two people are prepared to make a lifetime commitment to love and care for each other in good times and in bad, the government shouldn't deny them the opportunity to get married, " he wrote in an op-ed in The Columbus Dispatch.
That is bad news for a government that it struggling to build more power stations too.
Paul said that while the bonuses are bad, the original government bailout is the root of the problem.
Slovenia's mostly state-owned banking sector is suffering from mounting bad debts and the government has struggled to borrow money.
BBC: Slovenia unveils reforms as it seeks to avoid EU bailout
The proposal would have seen the government buy bad debts from US banks to prevent more of them collapsing.
In recent weeks, talk of a government-created "bad bank" to absorb troubled assets resurfaced as a solution, as did a government insurance program to guarantee assets.
As a result banks were left holding hundreds of billions of euros in bad debts, eventually needing government bailouts to survive.
If that is bad news for the Iraqi government, what may be worse is that the Security Council passed Resolution 1409 unanimously.
They are not the Wall Street guys with fancy lifestyles who, when they make bad deals, expect the government to bail them out.
Even after allowing for bad loans to local-government investment companies, it runs at 80% of GDP, the bank estimates, about the same as Britain's last year and well below Greece's.
It is a simple fact that there are, in post-revolution, post-war Libya, armed groups, there are bad actors hostile to the government, hostile to the West, hostile to the United States.
Instead of remediating bad data, businesses, government agencies and research institutions need to create an information architecture that allows them to follow their data as it moves among different users in their organizations.
There is a vast array of evidence and a vast number of experts who can testify to the fact that playing chicken with the full faith and credit of the United States government is a bad idea.
At a late stage Mr Geithner rejected the idea of a government-run bad bank (as well as blanket guarantees for noxious assets), put off by the high upfront cost and the problems it would have valuing the debt.
Even if bad vibes from the French government keep Novartis (nyse: NVS - news - people ) from bidding for French rival Aventis (nyse: AVE - news - people ), it still remains a firm to watch for investors in American drug companies such as Pfizer (nyse: PFE - news - people ) and Merck (nyse: MRK - news - people ), who compete directly with the Swiss giant.
Yet, for some reason, the brokerage industry believes government regulation is a bad idea.
FORBES: Why the SEC Is In Danger of Becoming Irrelevant ( February 28, 2006 )
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