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The Importance of Failure

February 13th, 2009 | Economics, economy by Populist Party Daily Updates

There is much discussion these days about bailouts. Are they needed? Are they just? I say no on both counts. Yet many economists, politicians, and businessmen tell us that bailouts are needed to prevent catastrophic economic collapse. Without commenting on the justice of bailouts, they warn that we are facing massive economic pain if we stand aside and let markets run their course. Bailouts can staunch this pain, they claim, and restore order and calm to the economy. FULL ARTICLE

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3 comments ↓

#1 Michael Boldin on 02.13.09 at 7:34 am

Capitalism without bankruptcy is like Christianity without hell.

#2 Steve Henderson on 02.13.09 at 1:42 pm

Bingo…give this author a A+ on this article…has it down to what the government don’t want we, the people to know or understand…Keep going …don’t stop…and I Thank You, have a great week end.

#3 Ferenc on 02.15.09 at 5:25 pm

There’s plenty that the government doesn’t want us to know about, maybe that’s why they make such a big deal about running schools for our children.  That way they can indoctrinate them while they’re young?

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