Churchill

Wed, 2008-09-17 09:19Richard Littlemore
Richard Littlemore's picture

Big Government: Darn Handy in a Crisis

Slavish devotees to the free market must be mourning the news today as the U.S. government steps in to rescue the insurance giant AIG and (we're still hoping) to forestall a worldwide financial crisis.

This is what government does: it saves us from ourselves and from disasters we cannot anticipate. Good governments try to get ahead of that curve, setting policies and regulations that prevent totally stupid or predictable crises. I think its fair to say that this event suggests that good government has, recently, been in short supply.

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