Monday, September 12, 2011

Solyndra for Dummies

Solyndra is a prime example of what happens when politicians of all parties and their politically-connected enthusiasts figure out ways to tap the public purse to fund their favorite initiatives.

I am a firm believer that any good business venture will have no trouble locating funding. The world is awash in liquidity right now and the supply of capital is virtually unlimited if you have a profitable idea. Governments should never play the role of venture capitalist.

Via Zombie and Calafia Beach Pundit

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