Atlas Shrugged: The Mocking

Wednesday, May 12, 2010

More Friedmanesque Megan

Shorter Megan McArdle: The global economic crises does not prove that market capitalism is a failure, no matter what some illogical, hysterical, ideological haters say. It proves that the welfare state is a failure.


Downpuppy said...

I waded through her stupid about annuitizing IRAs* & feel much dumber for it. Especially the comments, which have somehow driven out everyone but the complete wingnuts.

*She seems dimly aware that giving people the annuity option in a 401(k) has absolutely nothing to do with anything the nuts are screasming about, but hides that awareness behind some horrible writing & a typical lack of detail.

Kathy said...

In '02 we cashed in our 401k and opened IRAs, and boy are we glad! NO WAY would I trade my IRA for another 401k. It would be stupid to the point of suicidal.