The Political Bear

The House is in currently rejecting the bailout!!! This is the great!!!

I got this up as fast as I could, now maybe I can fill in a bit. The bailout is a bad idea. It causes the socialization of risk, which is a recipe for disaster in free, or freeish market society. The socialization of risk actually provides an incentive to businesses to increase the amount of risk that they take.

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This entry was posted on Monday, September 29th, 2008 at 12:06 pm and is filed under analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.