The Debt Bombs are Going Off

You can ignore Gods principles for only so long. For elected officials, its so long as you are no longer in office. Until then whatever it takes and too bad for future generations.

Freddie, Fannie, and Curses on FDR by Llewellyn H. Rockwell, Jr

Ludwig von Mises had a theory about interventionism

It doesn't accomplish its stated ends. Instead it distorts the market. That distortion cries out for a fix. The fix can consist in pulling back and freeing the market or taking further steps toward intervention. The State nearly always chooses the latter course, unless forced to do otherwise. The result is more distortion, leading eventually, by small steps, toward ever more nationalization and its attendant stagnation and bankruptcy.

When you think about the current Fannie Mae-Freddie Mac crisis,...Whole article