Traditional ideals of modern conservatism reject Government intervention in the national economy. The National Review Online debates how plausible the intervention is and if it’s ethically compatible with the neo-conservative paradigm.

The contributing editor of the NRO submits his opinion on the viability of the 700 billion bailout:

“What’s a principled conservative to think of the Bush administration’s proposed $700 billion authority to allow the U.S. Treasury buy illiquid securities? On the one hand it would appear to be a necessary step to solve a systemic crisis in the U.S. banking system. On the other, it promises to be an enormous expansion of government power and commitment of taxpayer dollars.

To arrive at a principled view on this intervention, we must answer three critical questions: Is it necessary? Will it work? And even then, is it morally justifiable?

Peter Fray

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Peter Fray
Editor-in-chief of Crikey

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