Opposing Government Bailouts: Advancing the Cause and Principles of Liberty
A big shout out to The Cato Institute!
Dear Cato,
Thank you so much for all your hard work on opposing the bailout. This is a political crisis not an economic crisis, and the congress and the admin are not going to give up:
While many of you may be popping champagne bottles tonight in honor of the bailout plan that never was, we need to realize that this is only one step. The bailout is by no means dead. Having dealt with the legislative process before, here is my speculation about what may happen in the coming days, and the options that Congress has before it. (From a contributor to the Naked Capitalism Blog).It was a battle won, not the war; not a strategic but a tactical victory.
You may feel at times like a voice in the wilderness, but you have no idea how important you really are. PLEASE keep up the great work!
A very grateful supporter,
The Charters Of Dreams.
Dear Readers of The Charters Of Dreams, please consider giving a tax deductible contribution to the Cato Institute. The Cato Institute is a 501(c)(3) educational institute.
Finally — it's not over. We need to give the credit and banking markets a chance to clear the bad debts off their balance sheets. Sign the petition and call your representative today.
Some Link Updates:
- Bernanke's Hype,
- From the National Taxpayers Union: An Open Letter to the United States Congress: Stand Up for Taxpayers by Standing Against Quick-Fix Bailouts!,
- Show me the crisis. In an open letter to colleagues on Tuesday, former New York Times reporter David Cay Johnston urged fellow journalists to be skeptical of the bailout proposal. Don’t question around the edges, says Johnston. Question the premise,
- From "The Austrian Economists:" Please, Just Say No!, and finally,
- An Open Letter To The Left from Steven Horwitz, Department of Economics, St. Lawrence University: The Roots Of The Banking Crisis is the Marriage of Corporate and State Power.
Categories
Economy , LIBERTY , The Passion Of The Left
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