Death of Dogma...for now anyway

In case you did not notice, the economic ideologues in the White House and Treasury hoisted the white flag of surrender on Austrian economics in the last week. TARP, as it was initially defined (and now redefined) was an attempt to cast a government bailout in a market mechanism and with a little sorcery keeping government ownership in the private sector limited to FDIC temporary takeovers of weak and failed banks.



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