re: #266 000G

Well, then it’s a definitive argument against bailouts by Congress. Why should lawmakers be expected to just write blanket checks, without any verification or accountability? Because it’s better to have private krooks than public ones? The corruption of the Congress Critters is nothing against the scope of the corruption of the banking CEOs. And, just a reminder: It’s still a democracy. The Fed operates purely under charter by Congress.

I guess all I can say is to be very careful about embracing populist economics. Any time you find yourself on the same side as Ron Paul it’s time to give things some serious thought.