The “Stolen” Money of Fannie and Freddie Kindled Wall Street Fire

The following was written a year ago and it was a reply to some commentators of  the blog Open Salon.

By Con George-Kotzabasis

McGarrett’s strong medicine is for strong stomachs. But it’s most unlikely that the weak stomachs (read: of nipple-fed intellectuals) of the left will be able to digest it. His impartiality is irreproachable, as it ‘hits’ both lenders and borrowers with the Nemesis of the principles of the free market, a la Ludwig von Mises.

Paul J. O’Rourke

The free market is the best tested guide to long-term prosperity in an imperfectly made world. Even if it’s politically manipulated it still delivers the goods in comparison to a command dirigiste economy. Therefore one cannot equate the two. And even when it falls sick it recovers more by its own strength than by the intervention of the state “doctor”, even if paradoxically he presents himself in the form of the liberal Hayek as you argue in your interesting piece on your blog. But certainly, as you correctly point out,  the free market if it’s impeded by the “panaceas” of government intervention has the “freedom to do harm.” But whom does it harm other than the economically imprudent and those that cannot ‘Guard that solvency,’ to quote you?

To your contention that ‘This overly free mixture of political and market manipulation literally stole your property,’ I would add that this property was bought with “stolen” money provided by those two magnificent, replete with fairness and justice, liberal “constructions” of Fannie and Freddie.

One thought on “The “Stolen” Money of Fannie and Freddie Kindled Wall Street Fire

  1. […] This post was mentioned on Twitter by Con George. Con George said: The "Stolen" Money of Fannie and Freddie Kindled Wall Street Fire: […]

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