Wednesday, April 01, 2009

Tax Fraud Timmy Doesn't Understand How The Economy Works

Tax Fraud Timmy declares that the free market will not fix the economy and only the government can save the world.

"We came through a period where people borrowed too much and we let our financial system take on much too much risk," Geithner said. "And the consequences of those choices, made over years, were a huge boom. And that boom, the air is now coming out of that and that's causing enormous damage."

I wonder if he realizes that people borrowed too much because of government interference, not the free market. I wonder if he understands that the reason the financial markets took on too much risk is that government, not the free market, demanded they do so. Laws were passed forcing companies to do what they did not want to do, in effect nullifying the free market. What we have today is the result.

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