Voices of Sanity

Although the bailout question has temporarily become moot, I think it worthwhile to recognize some of the better critiques of the underlying economic need for any government action whatsoever. Perhaps the most insightful and informative was David R. Henderson's article in FORBES. Allan Meltzer was at least one prominent monetarist economist who was not taken over by the bailout body snatchers from outer space, and his National Public Radio interview was quite good. Another amazingly sound voice that came out against the bailout on NPR was David Cay Johnston, a former NEW YORK TIMES financial reporter. Finally, check out the CNN critique from Jeffrey A. Miron, a Harvard economics lecturer and self-described libertarian.