Sep 29, 2008

An Historic Day

Today is Ludwig von Mises' birthday, the economist who predicted the Great Depression - caused not by an outdated gold standard as many historians claim, but by a federal reserve system.

Today the monstrous bailout of investment banks was defeated. But on Saturday, Congress voted for a 25 billion dollar package for auto manufacturers. Don't let your republican Congressman claim that he's a free market economy guy if he voted for that nonsense.

2 comments:

Laura said...

The good news is that there are 133 Republican Congressmen who CAN claim to be free market guys & gals--at least on this issue. That's more than I was beginning to think there might be.

Laura said...

oops--I didn't read carefully enough before commenting--you were talking about the auto bailout...I was just so thrilled with what happened today...