Thursday, October 14, 2010

Russ Roberts better get moving

If he wants to preserve his narrative that the real estate bubble was because of Fannie and Freddie.  Conservatives jump all over government when it fails to live up to it’s ideals, but they give a pass to private businesses even when they engage in blatant fraud and embezzlement.  Private enterprise has no inherently virtue, and when scaled up to the size of investment banks their missteps are every bit as consequential as anything the government does.  So why the free pass?

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