Cheap Credit & the Tragedy of the Commons…

Posted on April 15, 2009


On Seeking Alpha today, Paul Kedrosky wrote about how “cheap” credit is affecting the quality of companies emerging from the current economic downturn in his article this morning – “Cheap Credit Means Crummy Companies – Fed Researcher.”

This is the same concept as posted yesterday here on The Free Market Voice – “The Stimulus Package & Tragedy of the Commons.”  Without “coercion” for common goods, the feeding frenzy creates a worsened environment.

Kedrosky also authors the “Infectious Greed” blog – a great read to keep up with the market every day.