Mises Wire

Conservatives for the Bailout

Conservatives for the Bailout

One might hope that the massive public opposition to the bailout would sway conservative opinion against the bailout but no such luck. The Heritage Foundation is still arguing that the government should “provide sufficient market liquidity to comprehensively resolve the financial situation.” Very strangely, Heritage points to this as a sign of alarm: “Tycoon Hugh Hefner has been advised to cut back on staff at his multimillion dollar glamour empire as it struggles to cope during the global economic turmoil.” Poor baby. Is he too big too fail too?

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