Death of Capitalism

Sun, 07 Dec 2008 14:19:35 +0000

From Daniel Cline, who left a comment with the same name as the title of this post:

Why should the practices of Congress, Bernanke, and Paulson, be a source of anger or antagonism? Because those of us who are in the business of living within our means; because those of us who have been reconciling our checkbooks, paying our obligations on time and without fail; those of us who are parents, who are bringing up our children to keep their egos within a measure of reason; All of us; we are all able to discern what is within our grasp, and what is absolutely out of reach. Where in the constitituion is it written that our elected officials have the right to live on the other side of reality? These persons are neither protecting nor are they defending the Constitutuion of the United States.

My inner Libertarian also sees all of this bailout/rescue/stimulus as the apocalypse as well.

The expansion of government should normally be held in check by the increasing cost of financing that government on people who don't see the benefits of that expansion. This is why deficits are so seductive. Spend now, tax later. And we, the non-anarchists among the Libertarians, should have done something about it years ago. Specifically, we should have stopped the spending years ago at the peak of the business cycle.