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March 24, 2009
Recessions Are Cleansing - Maybe Even Government

Last evening as I was reviewing the silliness of America's political class and its attempt to handle this recession I had a thought. The areas most hit by this recession were those that were most regulated which means that the regulator class has a major political problem.

It struck me that this may end up meaning some political house cleaning in one way or another over the next couple of years.

Then my wife pointed me to this article about how amazingly hard this recession is and will be on the autocratic regimes around the world.

What if the first great depression created statism and the second might actually lead to libertarian decentralization.

Posted by hoffmang | March 24, 2009 02:05 PM


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