Monday, December 28, 2009

Can Congress provide general risk insurance?

I hate to read anything into Felix Salmon's post, but he says:

"I’d actually go further than that, and say that the dynamism of capitalism is largely a function of safety nets, dispersed risk, and limited downside."

I don't know about you, but I have a gestalt about Congress that tells me a business partner like the Representative of San Francisco will not make my firm secure.

Maybe Felix is doing the Keynesian head fake, giving us a false sense of secutity that we go out and make big commitments. Then, I fear the Pelosi jerk of the lease, a yank back to serfdom.

Felix does not inspire me to buy insurance from Congress.

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