The massive federal bailout of U.S. financial firms reflects everything that’s wrong with the economic system of welfare and interventionism under which the United States has operated since at least the 1930s. There are critically important lessons in the bailout that the American people ignore at their peril. While most politicians and mainstream pundits are viewing the bailout as a necessary “reform,” it is imperative that we place this “reform” in a much wider and deeper context. In doing so, we need to return to first principles. Full Story
You should read the rest of the article it's pretty good. I challenges you to think how how much economic liberty we would have if we had: No Welfare, No Immigration controls, No public systems, no Federal Reserve, No welfare, No Social Security. Oh yeah, and No income tax, cap gains, or estate tax. Wow...heaven...:)
Tags: 1930s, bailout, Economic System, Financial Firms, Interventionism, Mainstream, market socialism, Politicians, united states, wall street, Wall Street Bailout, Welfare
You are here: Home / Archives for Mainstream
The Socialist Bailout of Wall Street
Filed Under: wall street crash Tagged With: 1930s, bailout, Economic System, Financial Firms, Interventionism, Mainstream, market socialism, Politicians, united states, wall street, Wall Street Bailout, Welfare