Liberty vs. Leviathan

Chronicling Liberty's battle against Leviathan

Socialized Loss, Privatized Profit

Jeff Snyder has an excellent article at LewRockwell today. In it he examines the language of Sen. Chris Dodd’s proposal and poses three possible scenarios that could result if passed.  In each one the taxpayer absorbs the risks and losses of the firms being bailed out and private firms reap a profit from the taxpayers’ loss.  No surprise there, of course.

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