http://ncc-1776.org/tle2011/tle643-20111106-01.html
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The Market has spoken
About a month ago Bank of America announced it was going to charge a five dollar monthly fee for using a debit card issued by them to make purchases. This led to an uproar. People closed their accounts with BofA and moved their money to credit unions and bank which did not charge this fee. Other people decided not to open accounts with BofA. Bank of America lost money.
Bank of America decided to not charge people for using their credit card. Congress passed no law. No one was sued. No injunctions were issued. No executive orders were given, no bureaucrats regulated. Free people simply applied the pressure of the market place and BofA changed its policy in response to their customers’ needs.
The Market spoke and the government was not involved. Free market capitalism worked perfectly.
And the government wasn’t involved.
A.X. Perez
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And, don’t forget that the Gooferment created the problem in the FIRST place.
Gooferment is the root of ALL evil.
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