First things first – you don’t possess special knowledge of political philosophy, economics or sociology that makes you smarter than the rest of us. I know who the core of Occupy blah blah is – Ad Busters, an anarcho-communist activist group, so don’t bother taking the pose that I’m ignorant of your philosophy. I know, you worship Kropotkin and Proudhon, and believe they saw through this corrupt system of control we idiots call freedom and capitalism. But you see, just as all other communist/collectivist ideologies, all it’s really good for is criticism. It doesn’t possess a stitch of real world applicability.
A friend of mine recently asked me to comment on some investment advice from Robert Anorth, commented on by Jonathan Burton, at Marketwatch (here)in a recent article. I think he’s spot on in many respects, but I also took the opportunity to write down how I see our current problems and my assessment was indeed [...]
The Cut, Cap and Balance program proposed in the WSJ today is interesting, but it has a big problem.. There isn’t enough support from the American people, or the Republican party for that matter, for such a draconian move. Do you see the poll numbers on cutting individual programs? I mean, why do you think [...]
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? [...]
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 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 [...]
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 [...]
