Friday, October 14, 2011

 

The Rescue Plan

Liberals always forget that it wasn't just the banks that were rescued.

Failure is not a problem for capitalism, in fact, it is a feature. Socialism is about propping up failing companies because of the fear of the unemployment it would cause. Unemployment is a sign that skills need to change. If you try and freeze the economy in amber with government bailouts you also freeze the unemployment rate because new businesses need the resources you are using for those bailouts to fund new business.

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