Northern Exposure

Our Canadian stalwart and unflinching libertarian member of the Sovereign Society Council of Experts, Pro. Pierre Lemieux, gives us his assessment of the Canadian government's own bank bailout program, explaining how it, (and the U.S. bailout), will not only fail as a solution, but lead to more state socialism and economic peril.

Concludes Professor Lemieux: "The question is, are political and bureaucratic processes more efficient at allocating mortgages than the market? The American subprime crisis, which developed on a very socialized and politicized market, provides the answer. Ottawa should listen."

For his full article from the Financial Post on the financial crisis in the Canadian context, click here.