ruleoflaw http://mrc.org/taxonomy/term/18171/all en Econ 101: Financial Bailouts and the Rule of Law http://mrc.org/commentary/econ-101-financial-bailouts-and-rule-law <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/gary-wolfram-phd-0">Gary Wolfram, Ph.D.</a> </div> </div> </div> <p >     Friedrich Hayek wrote of the importance of what he called the rule of law over the rule of man. His point was that in order to be free to act according to our own plans we must know what the rules of the game are, for what reason they are promulgated, under what conditions they will hold, and that these rules are the same for everyone.</p><p><a href="http://mrc.org/commentary/econ-101-financial-bailouts-and-rule-law" target="_blank">read more</a></p> Commentary MRC Business AIG AlanGreenspan Bailouts BearStearns BenBernanke Federalist FederalReserve FinancialBailout FriedrichHayek GMAC HenryPaulson JamesMadison LehmanBrothers ruleoflaw ruleofmen TARP Thu, 04 Dec 2008 17:46:15 +0000 admin 29683 at http://mrc.org