>>>The (b)Right Libertarian: Government bailouts and Moral Hazard

Monday, August 3, 2009

Government bailouts and Moral Hazard

Another great column today by Gwyn Morgan in the Globe and Mail titled: Bailouts and the nasty consequences of 'moral hazard'. It points the finger at the cause of the financial mess that started in the U.S. and then proceeds to explain how "they gets us coming, and they gets us going." Morgan rehashes much of what has already been said, but he is more lucid and speaks with the authority of a Canadian business person and says it far better than I could. Do yourself a favour and read it.

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Republic of Canada

The short-lived Republic of Canada is a little-known chapter in Canadian history. From 1837 to 1838 William Lyon Mackenzie and a small group of supporters occupied Navy Island in the Niagara River. The rebels were agitating for a government that was both responsible and representative. Although their struggle was not successful, eventually these ideals came to be represented in the government of Upper Canada and, later, the country of Canada we now know. Liberty was such an important value to this little group that they put the word on the flag, making this short, but important, episode of Canadian history something worth remembering.