Fisher on Bail-outs

Atlas’s founder, Sir Antony Fisher, offered his impressions on government bank bail-outs back in 1984, his words feel quite prescient to the situation today:

“It is idiocy to re-negotiate loans to governments so they may continue making the same mistakes, or “bail out” banks so their shareholders never discover and correct bad banking procedures. But this is all part of government profligacy.We don’t face up to mistakes; we just throw more money at them.”

We have collected an ever growing list of articles, letter to the editor and papers by free market voices offering their opinions and suggestions for the financial crisis, see this list after the jump.

hat tip Alex Chafuen

Assorted Links:

• Political Perils of Overregulation,” by Patrick Basham, Washington Times, September 22, 2008
• “Mac’s Late Rally with his Money Message,” by Patrick Basham, New York Post, September 20, 2008
• “Why Bailouts Scare Stocks,” by Alan Reynolds, New York Post, September 18, 2008
• “Bailout-Mania,” by Jagadeesh Gokhale and Kent Smetters, Forbes.com, September 17, 2008
• “What Price Stability?,” by James A. Dorn, South China Morning Post, September 15, 2008
• “Too Few Regulations? No, Just Ineffective Ones,” by Tyler Cowen, New York Times Upfront, September 13, 200
• “The Greenback and Commodity Prices,” by Steve H. Hanke, Wainwright Economics, September 11, 2008
• “Fannie/Freddie Bailout Baloney,” by Gerald P. O’Driscoll Jr., New York Post, September 9, 2008
• The Crisis of Global Capitalism by Gary Becker, September 21st
• What Should be Done about the Financial Markets? by Stuart M. Butler, Ph.D., Alison Acosta Fraser, and James L. Gattuso
• A Bad Bank Rescue, By Sebastian Mallaby, The Washington Post September 21st.
• A History Lesson from the Great Depression by Andrew Leonard on Salon.com September 19th
• High Anxiety, by Lawrence Lindsey The Weekly Standard

This entry was posted on Tuesday, September 23rd, 2008 at 4:48 PM. It is filed under Africa, Bailout, Europe, Global, U.S. & Canada and tagged with fiscal responsibility, monetary policy, money. You can follow any responses to this entry through the RSS 2.0 feed.