"To defend the truth, to articulate it with humility and conviction, and to bear witness to it in life are therefore exacting and indispensable forms of charity."

H. H. Benedict XVI. Caritas in Veritate Encyclical. June 29, 2009

Tuesday, December 23, 2008

Lender of last resort

The ultimate lender of last resort is the taxpayer.  Through this, he is compelled to pay for the moral hazard of some privileged bunch of his fellow citizens.

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