Thursday, November 15, 2012

The Future Because of Non-stop Taxpayer Bailouts

Erik one of the reasons why bailouts ought not to occur is exactly your discussion here. Let efficiency, cost-benefit decide, not back room political deals for subsidies at taxpayer expense. I just finished reading a book entitled The PostCatastrophe Economy by Erik Janszen, publication date 2010. In it he carefully explores the toxic distortions and damage to invements because of politics, organizational and political, instead of rational supply-demand economics. He concludes if the bailouts continue the dominance of the government over the private sector will be total, and the government sector, not the private sector will be the economy - until its dysfunctional methods totally destroy the economy. At that point, what comes next?

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