Monday, December 08, 2008

FIAT CURRENCY: IT'S NOT JUST THE MONEY TO BUY A CRAPPY ITALIAN CAR ANYMORE

I know that some of you won't like this cartoon, but I think it's great. (H/T Barry Ritholz)

I have nothing against Detroit getting bailed out in comparison to Wall St. Nah. I think we should leave both industries out to dry. And any other industry that comes to Washington, looking to pick our pockets clean.

The "free" in "free market" refers to one's choices, to the constraints on one's decisions.

It doesn't refer to the cost of doing business, any more than it's ever referred to the price of the products anyone sells.

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