Arraya as a libertarian my prime faith is that govt should be used for a few functions as possible. The govt has proven to be inept in pretty much every single large program they have attempted regardless of party in power. Jeez Arraya they cannot even run the friggin postal service and break even. Failure in govt at county, state and federal levels is clearly evident to me, whether others see it or not is something I never understand.
Getting back to the main point, I am making my statements from a strict supply/demand perspective. This is simply a supply constriction measure to me, nothing more and nothing less. It will also help to increase bank dependence on the govt as it will only slowdown what I call the reconciliation process, disposing of non performing assets and getting the books cleaned up. The longer it takes banks to do this, the more they will need to be backstopped.
