A Most Peculiar Dichotomy
I keep encountering folks who are mad at the subprime borrowers. "Because these people borrowed beyond their means, I am going to be screwed" is the basic sentiment. I find this mostly with armchair and amateur Libertarians (as opposed to the professionals, who are annoyed at the Fed and want to see the economy take its lumps for the overall good of the system).
What puzzles me is, why aren't these guys at least equally mad at the lenders?
(Rant follows, I expect religious Libertarians to be offended.)
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What puzzles me is, why aren't these guys at least equally mad at the lenders?
(Rant follows, I expect religious Libertarians to be offended.)
( Collapse )