The Bush administration is going beyond its well-established record of intervention by implementing partial socialization of numerous financial firms. It does seem that we are at the crossroads. Will we move in the direction of Lange’s market socialism, or will we opt for greater freedom and prosperity?
Why would anyone have confidence in the federal government’s ability to direct matters of finance and investment? One need only look at the federal deficit and the burden of unfunded entitlements like Social Security to gauge the ineptitude of federal financial management.FULL ARTICLE