PlanetHolt.com

I've been doing some thinking about the bailouts that seem to have become all the rage amongst governments around the world. Personally, I have very mixed feelings: on the one hand, I don't like big government and the idea of spending $700 billion of taxpayer money to prop up private enterprises seems anathema. On the other hand, letting systemic institutions fail is probably not a wise course of action. Given that the really fundamental issue is the lack of available credit, it is highly unlikely that private investors are going to be able to invest funds on the scale that is needed.