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PollWhat should the government do about ailing financial institutions? Nothing, except to back off and get out—as any Objectivist knows, intervention is treating the disease with the disease 83% Intervene judiciously—enough to avert a catastrophe that is otherwise imminent 3% Intervene massively—as it's doing 3% Nationalize the whole economy and be done with it. Bring on the USSA! 1% Something else (specify) 11% Total votes: 80
 Basic Economics by Thomas Sowell
 Economics In One Lesson by Henry Hazlitt
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The Ayn Rand Center Responds to the Financial Crisis Submitted by Ayn Rand Center on Wed, 2008-10-01 17:58.
The Ayn Rand Center Responds to the Financial Crisis Washington, D.C.--Americans are now facing an historic economic crisis. What was the cause? What is the cure? How do we prevent it from happening again? While pundits and politicians blame the current housing and financial crisis on "greedy" businessmen and lax regulators, and are frantically urging the government to expand its control over our economic lives, the Ayn Rand Center for Individual Rights has launched a new Web page to defend a different view--that the actual cause of the crisis is government intervention, and the only cure, laissez-faire We invite you to check out our collection of essays, op-eds, lectures, and interviews arguing for a rational approach to this crisis-- an approach you will not find anywhere else. ##### ##### Copyright (c) 2008 Ayn Rand(R) Center for Individual Rights. All rights reserved.
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"INVESTORS BUSINESS DAILY", 1 OCTOBER 2008
"During Friday night’s debate in Mississippi, Obama disparaged what he called “this notion that the market can always solve everything and that the less regulation we have, the better off we’re going to be.” But the subprime crisis Washington is dealing with is the result of three decades of the federal government pressuring banks — via the regulatory demands of the Democrats’ 1977 Community Reinvestment Act, which was expanded by Bill Clinton — to make tens of billions of dollars in bad loans to poor people with lousy credit ratings.
It was Democrats’ regulatory and litigious assaults upon the mortgage market in pursuit of “social justice” that left our economy in its precarious position of today; indeed as an attorney, Obama himself in 1994 represented a client suing Citibank, accusing it of systematically denying mortgages to blacks."
It was the "noble" US government intention, that, as Rand would say, every man,women,child, foetus and abortion in America could buy a condo. Well,Americans got what they were asking for a long time. If people of America are trully believe they can eat free lunch and keep it the same time, let them cough out $700 billion in taxpayer money. Maybe it is not such a heavy price to learn not to play with Socialism and Welfarism.