What I've Been Reading Instead of Cleaning My House

Monday, September 22, 2008

Quote of the Year

In a story this morning on CBS' "The Early Show" about the Bush administration calling on Congress to quickly approve the $700 billion bailout plan for Wall Street, Dan Mitchell of the Cato Institute said:

"Capitalism without bankruptcy is like religion without hell. You're going to remove one of the incentives that makes people behave wisely."

Amen, brother.

4 comments:

Nigel said...

Remove the word "bankruptcy" and replace it with "regulation", and you have two very wise statements...

Lois said...

NIGEL -- oh Nigel, you are so wise.

Tiffany said...

I have a friend who thinks that 700 billion dollars should be spent to reward those people who have been living financially responsible lives over the past several years - and I think I agree with him (although I know it will never happen).

Lois said...

TIFFANY -- yes, where do I lobby for that suggestion?