What the Homeless are Learning through the Bailouts

by Chalcedon on July 6, 2010

The main lesson of American bailouts is that if you make mistakes big enough to affect “the system,” you won’t have to pay for them by going into bankruptcy or trying a new career in, say, small farming. The abstract and the electron reign; the concrete (gold, silver, labor, personal responsibility) is scorned. Don’t worry. Let’s party — be happy. Somebody else will pay. Read this artlcle.

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