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The federal government is expanding its bailout of AIG to $150 billion, well above its originally-predicted cost. Many of the bailouts over the past year are likely to have unanticipated negative side effects of many kinds. Here is a list of things the government could do to promote an econom
... Continue reading »
7 months ago
In short, every bailout whether it be for banks, insurance companies, auto companies or home owners directly is siphoning off investment capital used for expansion of the economy. This why FDR's feel good programs while popular because it was cast as doing something, were self defeating and lengthened the Great Depression. Only private enterprise creates wealth, government can only redistribute it!
7 months ago
2. Where do I find information on the CEI's take on the FDIC?
Thanks!
7 months ago