An $85 billion bailout for AIG. Incredible. Beyond belief. Is it because AIG has the right connections or because the Fed fears total meltdown in absence of bailout? In either case, it is interesting to consider that $85 billion was the size of the entire federal outlay 50 years ago (current dollars).
Source link: http://archive.mises.org/8531/what-a-difference-50-years-makes/
What a difference 50 years makes
Previous post: Raising Prices Isn’t “Gouging”