The Treasury Department has
created a bit of a conundrum for libertarians when it comes to TARP
II. On the one hand, the government is finally reaching out to the
private sector through this initiative, recognizing the power of
markets and price discovery as means to end the economic crisis.
But on the other hand, the taxpayers are still taking up to 93
percent of the risk in this new venture. So while TARP II creates a
market for buying and selling toxic assets, writes Anthony
Randazzo, it’s an unnecessarily subsidized one.
Reason Magazine
New at Reason: Anthony Randazzo on TARP II, Revenge of the Toxic Assets
Leave a Comment
Most Popular Stories
Reason RUPE: Public Opinion Survey
- Romney Most Electable Candidate, Yet Gingrich in Statistical Tie Among GOP Voters (1.31)
- Explaining Newt’s Second Surge (1.26)
- George Washington Would Beat Out Romney as Richest President; John Kerry Would Have, Too (1.25)
- New Poll: Americans Aren't Ready for Another War (1.20)
- 2012 Election Match Up: Romney Wins, Paul Might (1.13)
advertisements
Reason on Facebook
Reason on Twitter
Reason on YouTube
Reason RSSGet Reason E-mail Updates!
Manage your Reason e-mail list subscriptionsSite comments/questions:
Media Inquiries and Reprint Permissions:
(310) 367-6109
Editorial & Production Offices:
3415 S. Sepulveda Blvd.
Suite 400
Los Angeles, CA 90034
(310) 391-2245
Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time.