The Collectivist-Utopians (my new name for Progressives) lament the current economic environment as something that the government must ‘fix’, we must ‘do stimulus’ (a statement that only breathless policy wonks who haven’t had a real job in their lives can say) or we must prevent economic contractions at all costs. The Libertarians (me, for example) [...]
It’s all a bit much too take if you have even a whiff of understanding about free markets and wealth creation (as any good libertarian must). Earnest pols run confabs with policy wonks and leaders of industry to ‘do jobs’ (as the breathless DC insiders like to say), all gladhanding each other for the cameras [...]
“I believe that the tools available to the banking agencies, including the ability to require adequate capital and an effective bank receivership process are sufficient to allow the agencies to minimize the systemic risks associated with large banks. Moreover, the agencies have made clear that no bank is too-big-too-fail, so that bank management, shareholders, and [...]
It’s really just too much to get my head around, but you have to read this article about the U.S. economy headed for another crash – in the Russian newspaper Pravda! The Russian word for “truth”, it was synonymous with Soviet state run media and propaganda back in the bad old days. But it seems [...]
Is it me, or has the Daily Show/Colbert Show devolved into a propaganda tool for the Obama administration? I watched Colbert again lambaste the insurance industry last night, this time focusing on pre-existing conditions. What he – and most Americans – doesn’t know about how the health insurance industry works (or doesn’t, really) in the [...]
One might assume that a Libertarian would be up in arms over the Obama administration’s banker pay interventions. Indeed I would be if we lived in a free society in which bankers competed without government support – but we don’t. Let’s get into why this is so. First, any bank that has been bailed out [...]
I recently completed Ron Paul’s book, End the Fed, and I have to tell you, the man has a unique ability to take an issue that everyone should be able to understand, and yet somehow make it incomprehensible. Let me make it clear that I’m a huge Ron Paul fan. His commitment to liberty and [...]
