Socialism For Thee, But Not For Me...

By Cernig

Thanks to Eshum at The Cow Goes Moo for pointing me to a recent pronouncment by US Federal Reserve honcho Ben Bernanke.

"An alternative approach, which has been called systemwide or macroprudential oversight, would broaden the mandate of regulators and supervisors to encompass consideration of potential systemic risks and weaknesses as well," he said.

I'll just echo Eshum here and say "Next time someone calls me a commie, I’m going to insist they refer to me as a 'macoprudential oversightist'. "

The GAO is just fine with Bernanke's idea too. So can we have some better macroprudential oversight for education, healthcare, welfare, employemnt rights, tenant's rights and a whole slew of other "socialist" issues too? After all, if it's good for the "free" market...