Thursday, May 24, 2012

Ron Paul is Clearly Wrong: Why Bailouts Work and the Dangers of Libertarian Economics [Satire]

In the article "Ron Paul is Clearly Wrong: Why Bailouts Work and the Dangers of Libertarian Economics [Satire]", the author is commenting on speculators and the reasons of the housing market crash in the late 2000's.  Using satire and sarcasm, the point is made that the direct cause of the housing bubble could've been a group called the Austrians.  The author also jokes that drastic measures, like stimulus packages and bailouts, are absolutely necessary for a market economy when, in reality, we all know that had it not been for a couple unwise investing firms, the economy would not be in this mess.

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