Goldman announces record profits in an economy that has been crushed and now lies bleeding, half dead, gasping for breath. Setting aside the government interventions that made this possible, this would raise some eyebrows, even if they weren’t in a government protected monopoly? I mean how can they possibly have record-breaking profits in this economy?
First, [...]
Bernanke gave a speech this morning in which he called for more regulation to prevent prevent ‘bubbles’ from occurring. He went on to say that he didn’t believe that the Fed’s monetary policies were the cause of the recent housing bubble. For those of you who have been keeping track of this, I imagine you [...]
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 a breathless policy wonk who hasn’t had a real job in their life can say), 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, [...]
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 [...]
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 by [...]
Don’t listen to the politicians, left wing media or stock salepersons on CNBC tell you that our economy is recovering. Here are the straight facts. Unemployment is 16% (U6 – the ( more …. )
Video Tags: economic crisis, libertarian economics, peter schiff
