"There are men, in all ages, who mean to exercise power usefully; but who mean to exercise it. They mean to govern well; but they mean to govern. They promise to be kind masters; but they mean to be masters." Daniel Webster

Thursday, December 3, 2009

The Government Is Crowding Out Business Activity

George Melloan writes in the Wall Street Journal:

The credit market has been tilted to favor a single borrower with a huge appetite for money, Washington. Private borrowers, particularly small businesses, have been sent to the end of the queue.


Some related thoughts by economist Jerry O'Driscoll.

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