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  •  In Praise of Bankruptcy - Henry  Thompson - Mises Institute

    The present financial problems would disappear quickly if the government let the markets operate and let inefficient firms go bankrupt. The irony is that the government is stepping in to solve the problems it created. The solution might quot;work, quot; but the underlying disincentives in the... more

    Reviewed by democracy101 Oct 28 2008, 07:53am ( 2 reviews ) mises.org

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  • Rated by alexgieg on Oct 30 2008, 10:24am

    Explains why the bailout plan is a bad idea.
  • Rated by democracy101 on Oct 28 2008, 7:53am

    The present financial problems would disappear quickly if the government let the markets operate and let inefficient firms go bankrupt. The irony is that the government is stepping in to solve the problems it created. The solution might quot;work, quot; but the underlying disincentives in the mortgage and insurance markets will persist. Increased