Thursday, May 14, 2009

Bananas

Spengler on banana-republics law and zombie economics:
Obama has traded the loyalty of captive commercial banks for the rule of law in capital markets. It will take many, many years to undo the damage.
Update: George Will has similar concerns.
The administration's central activity -- the political allocation of wealth and opportunity -- is not merely susceptible to corruption, it is corruption.

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