Cheap Credit & the Tragedy of the Commons…

Posted on April 15, 2009

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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.