Jeff Deist Will Join John Stossel on Fox Business Tonight at 9 pm EST
Interviewed by John Stossel, Jeff Deist says that politicians like Chuck Schumer are two-faced when it comes to taxing Wall Street. The full segment will run tonight on Fox Business.
And for more, see Stossel’s latest column at Townhall:
Government programs almost never die.
Businesses in cozy relationships with government don’t die either. Jeff Deist, president of the free-market Mises Institute, says when the housing bubble burst, banks should have been allowed to fail and put through “the bankruptcy and liquidation process.”
Investors would have lost big, but that’s OK, says Deist. “That’s the difference between free-market capitalism and state capitalism. With state capitalism, there are upsides for the parties involved -- but no downsides.”
