Yeah, you know what is so funny, that this has always proclaim to be the best market economy every and that minimal Government is always the best, because the markets will regulate themselves.
But guess what, now that the derivative markets (ABS, CDO, CDS) are all crashing, it is those exact same people that are asking for government bail out and help. It is those exact same people that are turning their backs on Friedman and Hayek.
That's what happens when you make bad investments, such as loaning money to people that have no ways or means of repaying. But it is okay since our socialist government is here. Just print more T-bills. Backed by the full faith and credit of the United States. <sarcasm> Sounds a like like Road to Serfdom to me.
Seriously, the Fed needs to focus on fighting inflation, that should be their only mission.
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