LIBERTY: October 2008 Archives
John Samples makes the case the Paulson Paul is really only an attempt to delay solving the problem, to kick the can (the "problem") down the road, and why 100 time out 100 times, this just makes the problem worse.
Basically, the political elites are desperately trying to prop the economy up just long enough to get passed the next election cycle, even if the consequences of kicking the can down the road means we'll being facing a crisis even worse than what we're facing today.
And then, of course, they're trying to hedge their bets, i.e., the political elites feel also that they are in a damned if they do and damned if they don't:
Continue reading The Paulson Plan: Triumph of Cynicism & Why it'll make things Worse .
