Year After TARP: $700 Billion Down the Drain
"Instead of buying up toxic assets, the TARP money was used to partially nationalize the banking industry."
"Instead of buying up toxic assets, the TARP money was used to partially nationalize the banking industry."
However, there are many more losers than winners under the current state of affairs; and adding more government provisions would only increase the costs for taxpayers and insurance consumers.
"The bailouts, in fact, were an example of government intervention to prevent the free market from holding CEOs accountable."
Presented by Walter Block at “Recovery or Stagnation?,” the Mises Circle in San Francisco; sponsored by Mark L.
Presented at “Recovery or Stagnation?,” the Mises Circle in San Francisco; sponsored by Mark L.
I do not believe that the power and duty of the general government ought to be extended to the relief of individual suffering which is in no manner properly related to the public service or benefit.
The housing debacle was a project created over three-quarters of a century by fascists from both parties.
"The division of labour is limited by the extent of the market." The extent of the market, however, is best defined by entrepreneurs and consumers, not regulators.