What You Need to Know About the Bailout (and Why You Should Be Really Worried)

From Reason, "Free Minds/Free Markets" today:

On Reason TV: George Mason University economist and author Russell Roberts, who blogs at the always interesting Cafe Hayek, sat down with reason.tv to talk about the nation's shakey economy and the government's bailout plan. Watch this six-minute interview to learn where the problems came from, why the bailout won't address them, and what sort of hurt we're in for over the next several weeks, months, and years.

Click here to watch.

"The free market has nothing to do with the current financial crisis"

"Corporatism, Not Capitalism: The free market has nothing to do with the current crisis"

Reason Magazine, "Free Minds/Free Markets," says today (Sept 24, 2008):

There's nothing free market about the [US federal goverment] bailout [of the financial sector of Wall Street], writes Senior Editor Radley Balko. It's a peculiar kind of corporatist socialism, where good risks and the resulting profits remain private, but bad risks and the resulting losses are passed on to taxpayers.