Ive taken awhile to comment on this here, as I am all too aware that my economic education does not extend much beyond One Fish Two Fish Red Fish Blue Fish. I was, however, mightily unpersuaded by the performances of Bernanke and Paulson before the Senate and downright alarmed by the non-reviewability features of the proposed legislation. Then, when I saw that both Larry Kudlow and Megan McArdle agreed that the bailout was necessary, I knew that this was a Really Terrible Idea for sure.
Larison is doing a great job on all of this. I will just add that the arguments by the central Bankers sound a lot like a junkie asking for you to buy his next fix so that he won't have to steal your TV. Pure blackmail.
Holy Cow, Janet Mills Is Out of the Senate Race in Maine
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Janet Mills suspends her campaign Technically, Mills has just suspended her
campaign – citing lack of campaign funds – so unless a ton of funding
miracul...
5 hours ago
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