THIS BLOG IS MY BLOG. THIS BLOG IS MY BLOG. Welcome to the Home of Hyperopia.: GOVERNMENT "FORCED LENDING" IS A RECIPE FOR DISASTER

Monday, February 02, 2009

GOVERNMENT "FORCED LENDING" IS A RECIPE FOR DISASTER

President Obama promises forced lending by banks.

There is no case that can be made on economic grounds in support of this.



Americans who support what the government is doing are bringing about their own economic calamity. See this article (seriously, you should read it): Rozeff On Forced Lending Programs.

This excellent article explains precisely HOW government "bailouts" hurt - and will hurt - regular folks.

I am so grateful that people like Professor Rozeff are writing articles like this with today's date because AFTER the devastation is wrought, we will be able to point to people who predicted it. And hopefully at some point we will all benefit from the widespread implementation of liberty.

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