Wednesday, September 24, 2008

Let the free market clean up the mess that it has created: No bailout.

After much turmoil, I've come to a conclusion on the proposed bailout.

Those who advocated for the "free market" have succeeded in bringing us this mess.

In an effort to maintain some congruence, I think the free market should be left to resolve the problem.

I mean, the free market types argue that the market can cure everything, so let them put their money where their mouths are.

I do think this provides an opportunity for us to practice some economic gardening by trimming the excesses and exercising some well-needed training of our economic system through targeted regulation.

If the market works as alleged, then it should absorb this mess and work it out.

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