"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Regulation: The Cause, Not the Cure, of the Financial Crisis
Submitted by strike on Mon, 2008-10-13 16:00
?The bailout is just diverting resources from the productive poor and middle-class to the failed rich...The only good effect such a bailout could possibly have (at least if you prefer costly boondoggles without piles of dead bodies to costly boondoggles with them) is if it convinced the warmongers that they just can't afford a global war on terror right now ? but there's no sign that they?re being convinced of anything of the sort.?
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