No White-washing this Bailout Story

by Don Boudreaux on March 2, 2009

For a careful, sobering account of the 'bailout' machinations of the Bush administration and the Bernanke Fed, you can do no better than to read Lawrence H. White's article in the Feb. 2009 issue of The Freeman.

{ 3 comments }

Christopher Renner March 2, 2009 at 4:14 pm: The Freeman isn't showing up in my browser(Firefox) when I click the link here or when I Google it. ???
vidyohs March 3, 2009 at 10:02 am: The link in the post took me right to it.

You can't read such an article without just feeling numb. I mean, at a certain point having more shit stacked on your brain just leaves you numb.

I reached that point in the 1970s but I am still surprised to find that heavy stacks of new shit can still make me realize my numbness again.

How much longer, how much more people? You're not going to vote the change necessary.
dg lesvic March 3, 2009 at 12:06 pm: After reading that magnificent exposition of the current financial mess by Prof White, I am glad that I wasn't able to distract him from his work on it with that old issue between us, redistribution.

But it is still, as Prof Boudreaux has put it, "the bottom line," and I do hope that eventually Prof White will lend his incomparable expertise to it, and explain how taking from the rich to give to the poor could fail to increase inequality.