National Debt Clock

Sunday, March 22, 2009

Will bonus fix slow recovery?

"Lobbyists and analysts say the new compensation restrictions just encourage more to opt out, fearing that the government could change the rules of the program without warning. That type of uncertainty could lead to only the weakest banks participating in the program"

This is clear evidence why government intervention will always fail...unintended consequences. That is why there is such beauty in the free market system. By allowing individuals to freely pursue their own interest, and allowing them to reap both the benefits AND the repercussions, the system will be able to maintain equilibrium.

It's almost like an "invisible hand" is governing or something. Now where have I heard that before? Obviously our policians weren't paying attention in high school. Oh wait, they wouldn't have learned it there!

1 comment:

  1. Gee, I wonder what would make you think that our high school kids aren't learning what they should in school. You must be a cynic! And, I am certainly one!