The notion behind the idea of “Lemon Socialism” is that government policy creates arrangements that largely privatize the gain from economic activity if there are profits, while socializing losses, if they result. The just leaked Obama Administration plan for coping with the financial system’s “toxic assets” is another creation of the Lemon Socialists. This weekend […]
More Lemon Socialism
March 22nd, 2009 · Comments Off on More Lemon Socialism
Tags: Politics