Did you catch Stossell's "Bailout or Bull" last night on 20/20? It's the libertarian mantra, so nothing revolutionarily new, but it was nice to see that opinion presented to the prime time public...(even though it was Friday and many of them were probably out getting trashed).

It was quite good... as usually from Stossel. Also, saw many of my favorite economists.

It was definitely libertarian mantra territory, but IMO that's exactly what and where the libertarian voice SHOULD be right now -- providing that balance and cold-water-in-the-face reminder of our long-term obligations.

 

Ultimately the stimulus impact may be more political than economic. But I'm not sure that's necessarily a bad thing even if it turns out to be the case. Sometimes politics is MORE important than reality. But we're a long way from that kind of determination -- we'll have to wait and see how it goes.