Passing thoughts on the "bailout" debate.... John Hawkins at Right Wing News:If the history of government intervention in this country has taught us anything, it's that we should be much more afraid of the long term ramifications of the government rushing through an emergency "solution" to a problem than the actual problem the government is trying to "solve" in the first place. Agreed. In that spirit, the Heritage Foundation has an excellent piece urging Congress to live up to its "deliberative" role in this debate. Meanwhile, Rossputin has recanted his initial tentative support of the administration's $700 billion bailout plan, writing:[Federal Reserve Chairman Ben] Bernanke is warning us that doing nothing poses serious risks to … [Read more...]