Friday, October 17, 2008
"Credit" where it is due
Since I occasionally lambaste the Mises Institute for promoting nonsense, it's only fair that I mention that they've done a fine job of covering the financial crisis and bailout. Comrade Lew has just posted a particularly pithy little comment on using the "full faith and credit" of the Federal government to salvage worthless investments.
I agree, Paulson and Bernanke might just as well start guaranteeing every teenage boy's love note.
(Wait a minute. Do teenage boys actually write love notes? Girls do, sure...but boys?)