Atlas Shrugged, Again

I am starting to see more commentary on the amount of government intervention in the economy, and the cost of that intervention, in the news lately.

A few people are waking up to the fact that the government attempts to save us from a depression could move us into something much worse.

For me the question that no one wants to ask is, what happens if the world stops buying U.S. treasuries?

Is the United States government the only entity on earth that can borrow money forever?

For every other entity on earth that scenario winds up badly.

Stephen Moore wrote an article a while ago comparing current government actions with those described in Rand's book, which I posted here. It's worth another look along with some video from the author describing the reaction to his article.


Anonymous said...

Hello Solfest:
Thanks for linking to my blog -- much appreciated. Hope you stop by again soon.

Rocky Humbert

Solfest said...

You are welcome Rocky.

Anyone who refers to himself in the first person and has a trophy wife is welcome here.