Tuesday, September 30, 2008

Whistling Dixie Over the Heroic Bailout Defeat

Lew Rockwell explains why "the thrilling defeat of their criminal bailout package, a package shot down by independent members of Congress on both sides, ... was a revolutionary act in the best sense of that term" — The (Near) Death of the State. In addition to being a defeat of "what was surely the most horrible and outrageous bill to ever come before Congress," today's good news "could mean that we can begin an economic recovery from the Fed-generated bubble that should have and would have burst years ago but for artificial props by the Fed."

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