Statist and economically ignorant articles like this one always chastise Congress (and other branches) for going on vacation instead of trying to fix a crisis. Of course, virtually every crisis out there is caused by government intrusion in the market. And because the statist/ignorant media largely believes that the housing crisis was caused by factors other than the Federal Reserve, they urge Congress to do something and thus should not take a break: The Democratic-run Congress shut down last Friday and is not returning to work until next Monday. Between now and then, the New York Times notes in a … Continue reading Congress: Permanent Vacation
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