Federal Financial Guarantees Are Worthless

The time is nearing when a cluster of demands will be placed on government that it is entirely incapable of meeting. The American people will turn away from government-as-they-know-it and necessarily seek alternatives. When that time arrives, I hope that they abandon their long-held model, which is Government as Guarantor. This model has never worked. It has always caused negative effects that people overlooked as they attempted to shift the cost of guarantees (insurance) onto others and away from themselves. FULL ARTICLE