Monday, January 25, 2010


Tom Woods on Bank "Fee" Etc.

This is such a difficult issue on which to comment. On the one hand, you don't want to say, "Free market, ra ra!" because that's obviously not what's going on here. On the other hand, the new "fee" and regulations obviously won't shore up the financial sector. Here's Tom Woods' attempt to walk this fine line (HT2LRC):

When will people come to the conclusion that having a free market and no bailouts (of any kind) would have been the preferred way to go in this country? I believe when the masses see the government as hopelessly inept that day will come. But when?
When those people poisoned by thinking the FedGov saved us from the Great Depression and the Cold War are dead.
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