Bailout Blame Game
October 7th, 2008 10:50 am | by Mike Miller | Published in Bailouts, Banking, Big Government, Debt, Economics, Federal Reserve, Free Market, government spending, Ludwig Von Mises, Media, Money, national debt, Politics, Taxes | 0
Government must grow. It’s inherent by its very nature. Today’s article from the Ludwig von Mises Institute discusses the disgusting backroom deals and the a few of the parties, both past and present, who are responsible for this mess.
When the bailout passed last week, no one was surprised. In fact, what looked like a principled opposition to massive legal theft on Monday was transformed into a done backroom deal by Friday once the bill ballooned from three to 400-plus pages, filled with crumbs that congressmen could throw to their districts. It may be that, 25 years from now, economic historians will note socialized credit markets came to America in exchange for production credits for “marine renewables” and new regulations for “residential top-load clothes washers,” which were among many of the riders added to the bailout legislation as the infamous week wore on.
Liberty Maven




