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Bob Barr Gives Measured Response to Fannie Freddie Crisis

Bob Barr is taking a moderate position regarding federal government intervention in the government lending debacle. His reasoning: government created the problem, so in the short run government should help band-aid the problem, but in in the long run, government needs to clean up its act.
We will have to see how libertarians respond to this. My guess is that free liberals and other pragmatists will view it as sensible politics and policy, but the Ron Paul revolutionaries will be rankled.

Watch the video below.

/KDR

Comments

Yes, I wonder if the radically inclined would oppose additional expenditures to bring the troops home from Iraq?

In the real world of relatives and shades of gray, it seems self-evident that we must analyze the net effect of policy X.

In the process of unwinding state intervention, sometimes expenditures are necessary. An out and out collapse of these GSEs (Fannie and Freddie) is contra-indicated, as that is likely to lead to generalized collapse.

Do we REALLY want to sew the seeds of a New Deal?


I didn't think so....

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