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Politics : Liberalism: Do You Agree We've Had Enough of It?

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From: TimF10/15/2009 5:42:44 PM
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Did Armageddon Happen?
Bryan Caplan

Several people in both Sweden and the U.S. have asked me if the bail-outs of 2008 saved us from "financial Armageddon" or "financial Götterdämmerung." My question: What does Armageddon look like? Suppose there had been no bail-outs, and everything that's happened since happened anyway. How many pundits would claim that the world we now see around us was indeed the foretold Armageddon? Half?

econlog.econlib.org
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