The Hair of the Dog

"The private sector got us into this mess. The government has to get us out of it," said Barney Frank, which illustrates why conservatives often say liberals have a socialist bent. Free market conservatives understand that many problems have been caused by government's officious intermeddling in the private sector. The subprime mortgage crisis is no exception. History has shown that liberal prescriptions don't work, but when they fail, liberals invariably not only deny responsibility for their do-gooder manipulation but also insist on even more government intrusion. Think of it as "the hair of the dog" remedy on steroids. For example,...

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