Dogs Bark

by Don Boudreaux on May 21, 2009

in Intervention, Reality Is Not Optional

Here's the least-surprising headline of the day:

U.S. Rescue Aid Entrenches Itself

– to a report on this utterly predictable outcome:

Government officials remain concerned about the fragility of the
financial sector. Their hesitance to fold these programs, and the
financial industry's willingness to keep using them, has made it harder
for regulators to re-establish a sense of market discipline, government
officials say.


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