Libertarian Alliance Statement on Financial Crisis

Posted by on October 7th, 2008 at 07:19pm

squirrelman wrote an interesting post today on
Here’s a quick excerpt
NEWS RELEASE FROM THE LIBERTARIAN ALLIANCE
In Association with the Libertarian International
Release Date: Wednesday 8th October 2008
Release Time: Immediate
Contact Details:
Dr Sean Gabb on 07956 472 199 or via sean@libertarian.co.uk
For other contact and link details, see the foot of this message
Release url: http://www.libertarian.co.uk/news/nr072.htm
“NO BAIL OUT OF THE BRITISH FINANCIAL SYSTEM” SAYS LIBERTARIAN ALLIANCE: “LET FAILED BANKS FAIL”
The British Government’s proposed rescue of the financial system is a fraud on the taxpayers and will fail, says the Libertarian Alliance, Britain’s most radical free market and civil liberties policy institute.
[The British Government proposes to spend £50 billion of the taxpayers’ money on lending to the commercial banks in an effort to ease the liquidity crisis. Full story at  http://news.bbc.co.uk/1/hi/business/7657422.stm.]
According to Sean Gabb, Director of the LA:
 
 
“Final responsibility for this crisis rests with the authorities. For at least ten years, the Bank of England - and the central banks in most other countries - has […]

Read the rest of this great post here

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