Tuesday, September 16, 2008

Financial Woes and Free Market Foes

In the aftermath of the most recent financial implosion McCain lays the blame for the recent financial woes on greed thus displaying a dismaying lack of understanding of economics. Meanwhile Obama pontificates about the "ownership society" advocated by Bush really means you're on your own. Well, he's right but not in the way Obama meant. We indeed are on our own .. or should be. As the article titled The Real Culprits In This Meltdown in the Investor's Business Daily notes the roots of this collapse traces back well before George Bush. It traces back even before Clinton but this article has some interesting things to say about the Clinton administration's role. Check it out.

Also recommended,
http://www.gregransom.com/prestopundit/ for interesting commentary from a Hayekian viewpoint and for many posts on the Palin impaling by the media.

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