AIG is Left Holding the Government’s Bag
On March 16, Obama said this about AIG: I do want to comment on the news about executive bonuses at AIG. … This is a corporation that finds itself in financial distress due to recklessness and greed. Under these circumstances, it’s hard to understand how...Jesus Christ or John Galt? The Republican Party’s Identity Crisis
Republicans who support capitalism need to understand that those who combine religion with politics are their enemies, and must be ostracized from the party. In order to be successful, they need to defend capitalism on ethical grounds, which means recognizing that their best pitchman is not Jesus Christ, but John Galt.
False Solutions and Real Problems: The Housing Crisis Revisited
Someone once said that Senator Hubert Humphrey, liberal icon of an earlier generation, had more solutions than there were problems. Senator Humphrey was not unique in that respect. In fact, our present economic crisis has developed out of politicians providing...Message To The Bailout Boys: Bankruptcy is Economically Valuable
What is bankruptcy? Bankruptcy is a financial state that occurs when a person or business can no longer repay its debts. In the legal sense, bankruptcy begins when a court recognizes that the financial state of bankruptcy exists. The bankruptcy court takes charge...Nationalization Is Theft
Nationalization, stripped of all rationalization, is naked theft.