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Whither Stabilization?

A recurring meme in the mainstream bailout chatter is the idea that the government should intervene to “stabilize” the financial system. After all, the odious piece of legislation rammed through Congress last week was titled the “Emergency Economic Stabilization Act of 2008.” Today, the AP reports, “President Bush’s top economic advisers vowed to work with their counterparts around the world to restore confidence and stability to financial markets roiled by tight credit and worries about a global economic slowdown.” The Treasury Department is even calling its n…
Original Source: blog.mises.org


  6 Octubre, 2008| Economy | @ 14:40

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