Ron Paul, Bailouts will lead to rough economic ride

Not unexpectedly, he is giving the Austrian school view of the matter.

I could be persuaded that some sort of bailout is necessary, in order to prevent some great evil from befalling society, but I want people to be held accountable for what happened, those in government and business (those who couldn't keep up with their mortgages have probably been deprived of enough), especially if things are as bad as the members of the National Government are claiming. I don't think I am alone with respect to this desire. Where's the justice?

John Médaille on short-selling, Eat My Shorts!, and the Fed: The Ownership Society, V. 2.