Issue 144

Spending Other People’s Money Is Wrong Some Observations on the Bailout of October 2008

By Carl Watner  [Editor’s Note: The following essay was written in early October, but not distributed or posted until mid-December. In the interval, two additional observations occurred to me. First, implicit in the term “bailout” is the assumption that it be a “government” bailout. Although there could be such a thing as a “private, voluntary” …

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