Two Essential Bailout Readers
I posted yesterday a link to one site set up to ensure sure you're armed with the necessary intellectual ammunition to understand and appreciate the cause of the present economic turmoil, the cure, and the means by which it can be prevented from happening again. The Ayn Rand Center for Individual Rights' new Web page defends a very different view from the interventionist mainstream—that the actual cause of the crisis is government intervention, and the only cure, laissez-faire capitalism. Check out their collection of essays, op-eds, lectures, and interviews arguing for a rational approach to this crisis—an approach you will not find anywhere else.
And today I can point you to another comprehensive site offering a rational approach to understanding the causes and the cure, and the people who saw it coming: the Mises Institute's Bailout Reader, with readings that thoroughly and clearly dissect:
- Fannie Mae & Freddie Mac
- The Housing Bubble
- Inflationary Finance
- Community Reinvestment Act
- Short Selling
- The Reasons for the Business Cycle
- Who Predicted This?
- What to Do?
- Books to Read & Distribute (most of them available free on PDF)
Don't accept the lies and untruths about the crisis promulgated by statists who wish to use it to promote more government intervention, or by the time-servers whose economic theories were responsible for it.
Instead, I thoroughly recommend these two sites whose rational commentary will arm you, educate you, and thoroughly debunk the nostrums and 'bailout crack' presently being peddled -- and without the lies, self-serving nonsense and bloody jargon that infests so much of the other commentary I've been reading.