A Conservative Case for the Paulson Plan
By Robert T. Miller
As I write late on Thursday evening, some conservative Republican senators and representatives are opposing the Paulson bailout plan because they think that the government should not intervene in the market—that it is better to let financial institutions that took risks that turned out badly for them bear the consequences of their actions. As one of the freest of free marketeers, I want to explain why that thinking is wrong-headed.
Read the whole thing.