Wednesday, October 1, 2008

Government Bailout

Given all the effort taking place in Washington, D.C. to bailout Wallstreet, wanted to share this article by Paul Johnson.  His approach--let economies cure themselves.

In the article he states, "There are three things a government must handle, for no one else can:  external defense, internal order and maintaining an honest currency."  He goes on to state, "What should government do when the economy moves into recession?  The lesson history seems to teach is that government should do as little as possible."

Interesting thoughts.

1 comment:

Anonymous said...

I think that Congress had to pass something to free up the credit freeze. I just wish they hadn't thrown in all of that "pork". Tax incentives for developing a market for a product are a bad idea. If an alternative form of energy sells in the free market, fine, but don't prop it up with government help.