Quote of the day: 18 Jul 2008 – Caroline Baum
In her column at Bloomberg News, Baum had this to say about the financial bailout solutions proposed by the U.S. government.
How do we know the market failed if we don’t allow it to work? Capitalism without failure is like religion without sin…… And no, none of [the bailout proposals] are solutions for a market failure. You can’t whine about the death of capitalism when government is putting a gun to its head.
–Caroline Baum, 18 Jul 2008