Monday, November 10, 2008

The Libertarian Argument Against The Bailout

If assurances of a tax-funded bailout lead banks to make riskier loans than they otherwise would, then the banks are being made freer to take risks with the money of unconsenting taxpayers. When conservatives advocate this kind of deregulation they are wrapping redistribution and privilege in the language of economic freedom.

Part of an excellent article explaining why corporations are enemies of libertarian free-market policy.