Posted on 09/28/2008 10:14:49 AM PDT by AJKauf
When the framers of the Constitution thought about the future for American capitalism, they certainly didn’t think the government would be taking this giant leap that last night’s financial bailout represents.
We know it will cost us money, no matter what the politicians promise. As anyone in finance knows, dollars today are worth a lot more than tomorrow’s dollars, so the upfront cost should be kept as small as possible...
(Excerpt) Read more at pajamasmedia.com ...
Where is the TJ statement about bankers.
After all, bad business decisions are not breaking the law!
The conclusion to the article is inconclusive:
“But still — perhaps the right thing to do would have been to listen to the lessons of Adam Smith and Milton Friedman and let the capitalistic market work.”
In my opinion, this bailout only delays the inevitable.
BAIL OUT
BEFORE
PROSECUTION OF CRIMES
IS A PARDON!
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