The National Review Online employs a historical analysis of the US financial crisis and reviews the accusation of socialism levelled at Treasury Secretary Henry Paulson.

Mark Hemingway from the NRO reports on how the US financial system sunk so low and what the response should be:

“If you believe that the best way to handle the current economic crisis is hurling gobsmackingly large amounts of money at it, all to be used at the discretion of the Treasury secretary and the chairman of the Federal Reserve, you may well be an idiot. That’s according to a rule of thumb devised by famed investor Warren Buffett.”

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Peter Fray
Peter Fray
Editor-in-chief of Crikey
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