Economic and Financial Thoughts and Comments
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Friday, March 20, 2009
Quote of the Week
"All of this reads as if yanked from an Ayn Rand novel. The government, in a desperate attempt to avoid political pain caused by its own foolish economic mistakes and lax oversight, has poured billions into bankrupt companies. Then when those companies pass out bonuses they claim are necessary to retain qualified workers, the political firestorm leads government officials to propose tax rates that would make even British socialists of a half century ago blush. We are slipping into debates that have nothing to do with a free economy and everything to do with the government calibrating how to balance the favors it hands out with the inevitable moral outrage those favors engender." --Wall Street Journal columnist John Fund
Labels:
Ayn Rand,
Barack Obama,
WSJ
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