All Posts Tagged With: "Troubled Asset Relief Program"
Too Big to Fail
“Once you lose your freedom to fail, you also lose your freedom to succeed and you cease to be a free society.” —U.S. Rep. Jeb Hensarling of Texas In March 2008 the investment banking firm Bear Sterns failed and the federal government quickly stepped in. The public was inundated with the phrase “too big to fail” [...]
2Mar2009 | Michael Heberling | 8 comments | ContinuedTheory and Crisis
What might be even more distressing than the current buildup of the corporate state in response to the supposed economic crisis is the way some self-styled advocates of the free market are willing to cast aside the economic theory they once claimed to embrace. If you are a glutton for cable news-talk shows, you know [...]
20Jan2009 | Sheldon Richman | 2 comments | Continued-
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