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economic bailouts

Cardin’s Proposed Newspaper Bailout a Terrible Idea

March 29, 2009

Back on January 1, 2009 I had posted about a possible newspaper bailout.  Now another unscrupulous politician, Benjamin Cardin (D) is proposing The Newspaper Revitalization Act.
If this ever moves forward, there is going to be a lot of nonsense from politicians about the newspaper industry and tradition, and so on.
The fact is that they have [...]

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What Did The Bailouts Say To Companies?

October 25, 2008

Anyone who understands the Austrian school of economics even a little bit or has learned from the likes of Ron Paul or Lew Rockwell knew the bailout was a terrible idea.
People who know Henry Hazlitt’s one lesson all seemed to ask the question – So what message does this send to other big businesses?
Here’s your [...]

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