Nick Gillespie on the Great TARP Cover-Up


From our April issue, Nick Gillespie reviews Thomas Frank's new book Pity the Billionaire: The Hard Times Swindle and the Unlikely Comeback of the Right, where Frank asserts that "the main political response to [the financial crisis of 2008] is a campaign to roll back regulation, to strip government employees of the right to collectively bargain, and to clamp down on federal spending." As Gillespie explains, not only is Frank wrong on the economics, he wants to pretend that TARP and other massive government interventions never happened.