I was going to give you some facts about the truth behind the credit mess, which has now led to the second-worst federal government action of my lifetime, but this column by Thomas Sowell, left, on Townhall.com does the job quite well.
(Oh, the worst? Nixon's imposition of wage and price controls. People who believe in the power of government to reverse the laws of economics should read this 1994 article from the Independent Institute.)
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