Economics

Letting the Capitalism Out of the Bag

Katherine Mangu-Ward | 2.11.2009 4:32 PM

The wit and wisdom of the chairman of the Capital Markets, Insurance, and Government Sponsored Enterprises Subcommittee—basically, he's in charge of everything that has gone utterly FUBAR in recent months:

"This happens because capitalism keeps trying to destroy itself, by getting out of the bag we put it in to control it."

So says Congressman Paul Kanjorski (D-Pa.), who is the number Democrat on the House Banking Committee, right under Barney Frank (D-Mass.). 

Biden bonus: In the same interview, Kanjorski called the president "articulate."

Katherine Mangu-Ward is editor in chief of Reason.

EconomicsCapital Markets