Monday, February 16, 2009

The Continuing Tilt towards Socialism?

Here are some very good thoughts on how the government should handle the insolvent banks that we have thus far "bailed-out." What he is saying here is principled, by the book, capitalism in that he is using the system, by its definition, to advocate a much more socialistic solution to the credit crisis. It is pretty brilliant to be honest. The problem is politics. If we can't get a single Republican Representative and only three Republican Senators to vote for the stimulus package, the chances are slim that something like this would pass. Here is a point where politics impedes economics.

Why We're Not Socialists.

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