Posted on Tuesday, 7 September 2010

As a culture, we like our reality on television, but seem to oppose it in economics.

For more than two years now, and even longer depending on your dating scheme, the federal government has waged war on the reality of the incredible Fed-fueled bubble that developed in housing with spillover effects on the rest of economic life.

That bubble had to explode to restore some sanity to the economic environment. There is no getting around that. The policies were all about trying to paper over what we did not want to deal with as facts. But the facts won’t go away.

Do we have to make a television show to get Washington to see it?

Lew Rockwell — read the rest here. (via hipsterlibertarian)

I really agree with this. The bubble had to pop, but it never should have been created. There is a tv show of congress, it is called CSPAN, and no one watches that. But, of course, that is because it is really really boring.

(Source: hipsterlibertarian)

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