Mon, 19 Jan 2009

Why is a bailout needed?

I still haven't heard anybody put forth a good case for exactly WHY a bailout -- or indeed any government intervention in the economy -- is needed. People will say "Oh, well, free markets can't solve problem X" and then go on to propose a government solution which nobody is sure will solve the problem. I'm like "what the hell?? You say that free markets CAN'T solve the problem, but you don't know how governments can solve the problem and that becomes a problem with free markets??"

Where's the logic??

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