In times of national crisis, the government steps in to save the day. Financial crises have been the biggest tool with which the federal government has enlarged itself and its impact on various levels of society. No better example of this is the government’s reach and scope as a result of the Great Depression. We’re still dealing with the consequences of government interference; and it seems some questionable elements are now here to stay.
In the current crisis, it is interesting to me to see many right-thinking people (“right” here meaning “correct”) staying that the government’s efforts to bail us out is not the best idea. After all, it was government’s interference and political agendas tha got us to where we now are: how could more of the same be the solution? However, they say, if nothing is done, the results could be quite dire. This is especially true when people realize and consider that this whole economic gambit – stocks and shares and trading and whatnot – are more emotional (or irrational) endeavors rather than the rational, cold, hard thinking world many presume it to be. Most of the panics are purely perceptional; and many recoveries from the panics are also based on perception. And so something has to happen to increase confidence. And that something just might be government interference.
*shrug* I don’t know. All I know is that this too shall pass. I just hope this is not the beginning of the end of the autonomy and self-sufficiency of common society. I feel uncomfortable when society begins to depend on the State for everything.