Like everybody else, I'm following what's happening in Washington with regard to the possible bailout of financial markets. What strikes most me is the paucity of actual thought involved -- in the proposed solution (spend lots of taxpayer money to buy assets which the market currently considers worthless), in the sales pitch (if you don't do this right now, America turns into a third-world country -- trust us both to understand the problem and to administer the solution without oversight), and in the lack of substantive press coverage (will Democrats? won't Republicans?
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