Wednesday, June 8, 2011

When will we learn?

http://www.cnbc.com/id/43321461

Has it perhaps occurred to Obama that the reason Greece is facing financial meltdown is precisely the same reason we are facing financial meltdown; that they are spending entirely too much? And that, consequentially, it might not be the best idea to spend more on bailing them out? Because then, who's gonna be left to bail us out?

Here, there, and everywhere, governments are running out of other people's money. And still these bozos don't get it, still they're trying to spend their way out of debt, authorizing a second stimulus or debt bailout, and then a third, and then another and another. No matter how much money they take out of the system to reallocate elsewhere, it will do no good. The central planners have failed, and will always fail. Save us, Hayek!

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