American Fascism on Display
Sunday, April 26th, 2009Fascism is nominal private ownership of the means of production, with government control. See if you can find it in this piece: Busting Bank of America: The cavalier use of brute government force has become routine, but the emerging story of how Hank Paulson and Ben Bernanke forced CEO Ken Lewis to blow up Bank [...]
Not Enough Money for Obama
Sunday, April 26th, 2009It’s nice to read decent pieces from non-Objectivists: There is Not Enough Money To Pay for Obama’s Unprecedented Spending Spree: We were in a fiscal hole when President Obama came into office and for 100 days he’s been digging it deeper and deeper. The numbers involved are astonishing and power is being concentrated in the [...]
Obama Can Back Our Credit Cards, Too!!!
Sunday, April 26th, 2009A particularly disturbing aspect of the Left is that they’re neither particularly intelligent nor particularly well-educated on esoteric subjects like economics. So, pieces like this are increasingly prevalent and concerning (as well as sounding like they’re coming from petulent teenagers*): Why Your Next Credit Card Could Be Backed by Obama: Since apparently everything in America [...]
Obama Plans Wholesale Government Control Over Economy
Sunday, April 19th, 2009Obama plans an unprecedented level of government control over the economy: Obama would regulate new ‘bubbles’: As he battles the economic downturn, President Barack Obama is bracing Americans for a recovery different than any in recent memory – not a go-go return to prosperity like the 1990s but a slow, steady climb to stability. “We [...]
Credit Rating Agencies: Yet Another Toxic Government Influence on Finance
Wednesday, April 15th, 2009It should come as no surprise that the credit ratings agencies, which gave irrational ratings to what turned out to be worthless assets, are heavily influence by the government: A Triple-A Idea: ‘The disease has spread,” says University of San Diego law professor Frank Partnoy, in remarks to be delivered today at the Securities and [...]
Obama: America to No Longer Be “Voracious Consumer Market”
Thursday, April 9th, 2009I find this terribly disturbing: In Europe, Obama Faces Calls for Rules on Finances: Speaking on the eve of a summit meeting here to address the financial crisis, Mr. Obama acknowledged that regulatory failures in the United States had a role in the meltdown, but he urged world leaders to focus on solutions rather than [...]
The Broken Window Fallacy – An Economics Lesson for the Obama Administration
Wednesday, April 8th, 2009A very nice piece on the Broken Window fallacy, perhaps the simplest way to describe the damage of government intervention: Broken Windows, Broken Principles: Many Americans have experienced the adverse consequences of the recent economic downturn: retirement savings wiped out, jobs lost, or at least a general feeling of financial uncertainty. Our leaders in Washington [...]
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