Wednesday, December 10, 2008
Tuesday, December 9, 2008
Let the market solve the problem.
The crisis is due to bad lending and investment decisions.
Commercial failures were compounded by a reliance on excessive leverage, or borrowed money.
That leverage was made even worse by the banks' use of off-balance-sheet vehicles.
Let the market solve the problem.
Commercial failures were compounded by a reliance on excessive leverage, or borrowed money.
That leverage was made even worse by the banks' use of off-balance-sheet vehicles.
Let the market solve the problem.
Monday, December 8, 2008
Tuesday, December 2, 2008
Government is taking my money
Government is taking my money in order to spend it "better" than I can.
The best excuse ever invented to expand government.
It is both frightening and discouraging to hear politicians offering more Keynes at a time when what is most needed is a way of restoring the appetite of the private sector for risk.
The Keynesian theory, calling for government spending as a way to boost aggregate demand during economic downturns, is the best excuse ever invented to expand government.
The Keynesian theory, calling for government spending as a way to boost aggregate demand during economic downturns, is the best excuse ever invented to expand government.
Monday, December 1, 2008
Row capitalism will always be alive
I believe in markets.
I also believe that there is not a role for government.
Row capitalism will always be alive no matter who will always be trying to kill it.
I also believe that there is not a role for government.
Row capitalism will always be alive no matter who will always be trying to kill it.
Saturday, November 29, 2008
Government-sponsored institutions kill competition
History shows that a nation can not have competition without trust and confidence.
Government-sponsored institutions kill competition because they deliver no trust no confidence.
Government-sponsored institutions kill competition because they deliver no trust no confidence.
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