“I usually don’t like to speak so negatively, but it’s the advocates of nationalization who are in denial.  There is a belief that Obama, Bernanke, and/or Geithner are somehow spineless or in the pocket of the banking lobby.  The sadder truth is that they understand just how ill-prepared the U.S. government, or the Fed, would be to run such an enterprise.”
Tyler Cowen (via jeffmiller)

Notes

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