On the Volokh blog, David Bernstein writes: I suspect the bailout is a bad idea, on a variety of grounds. … On the other hand, as distasteful as the bailout is, if (and that’s a very, very, big if), as a practical matter … the alternative is a complete meltdown of our financial system, friends of liberty are in a bind; the bailout is awful, but the current power grab by Washington is nothing compared to what we could expect if, say, commercial lending virtually ceased, and the stock markets fell an additional 50%. I suspect that this dynamic explains … Continue reading I wouldn’t push the button