Clearing the Air on Moral Hazard

By: kowalski (Diary)  |  November 9th at 08:54 AM  | 

Pejman has a front-pager right now saying that he doesn’t support the government loaning any money to the automobile industry because it might open the floodgates for other industries similarly situated to argue their critical importance to the “lender of last resort.” I think for balance we should ask Pat Cleary or his contemporary counterpart at the National Association of Manufacturers for their reasonsing, to | Read More »