Rantings and tirades of a frustrated economist.
"Alles hat ein Ende nur die Wurst hat Zwei."(Everything has an end, but a sausage has two.)
http://www.newsweek.com/id/164502This might be an article you'd like to refute, Captain..Blatantly blaming the Free Market for the housing bubble.
the problem is would pointing out government bail outs are intervention the highest socialist form and is what induced moral hazard and if we just let the banks fail we wouldn't need MORE government bail out, would what even resonate or stick with Newsweek readers?Newsweek?Try Newsweak.Milquetoast aging baby boomers read that, not anybody with a serious intellectual honesty of trying to find out whats true or right.
Kind of funny how even less than a year ago they were still denying the impending market crashes.Looks like you weren't completely alone in the predictions :)http://www.37signals.com/svn/posts/1401-starting-in-2006-peter-schiff-goes-prescient
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