Thursday, March 26, 2009

Outlawing failure

John Tamny on Treasury Secretary Geithner,

"Indeed, the failure of companies big and small means that capitalism is working. It is only when governments feel the need to act that we actually experience what he deems crises. Geithner’s inability to comprehend these basic truths foretells an austere future where he will seek to outlaw failure, and in doing so, he’ll blunt the essential market lessons that tell us how to achieve."

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