Saturday, October 04, 2008

OpenMarket.org � Archive � Bash the Bailout: Government is Not the Answer

A clearinghouse of articles on how the financial mess came about This will come in handy once the politicians start trying to "fix" the problem they caused in the first place.

The bailout bill that passed through Congress today seeks to solve the financial mess by massively increasing government involvement in private finance. But more Government cannot be the answer to a government-created problem. The fact is that short-sighted government policies distorted the market in the first place. Bankers were certainly to blame for responding to these signals from government in the hope of a quick buck, but at its base, much of the problem was caused by government.

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