July 24, 2008

re: Moron-Keynesiaism

Posted by Thomas DiLorenzo at July 24, 2008 12:54 PM

Dub-Yuh says "Wall Street got drunk," referring to the Fed/Bush admiistration-generated recession we're in. Naturally, the obvious response by the administration is to throw a $250 billion subsidy at the "drunks" on Wall Street in the form of the Fannie/Freddie corporate welfare bailout bill that Dub-Yuh whole heartedly supports.

In light of having studied economics for the past thirty-six years, here's my prediction: the bailout will encourage even more "drunken" Wall Street behavior in the future.


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