And reading Megan McArdle over the last few days really drives the point home.  Also, it makes me pretty sure I was wrong when I said the government shouldn't get involved in this one.  It is one thing to stand on principle and object to writing blank checks to failing businesses but another to give large loans (in effect) to businesses that will probably be able to repay them in the middle term.

Anyway, read basically everything on her site if you are curious about the current financial situation and feel like being overwhelmed by economics.

Correction:  After being told what's up in the comments, I have to suggest that Megan McArdle (and the entire Atlantic Magazine) be added to the DPUD banned website list.  I read MA since she started and always found her writing thoughtful and well-informed but in the last several years her writing on politics has strayed further and further from reality.  Now, Gabriel informs me that she's parroting that ridiculous Trig Trutherism horseshit on her blog.

It is always very disappointing when someone you respect lets you down.

Posted by: Moron Pundit at 04:10 PM | Comments (6) | Add Comment
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