Blame Socialist Government Policies Not Capitalism for the Financial Crisis
Massive government interventions in the market in the form of myriad regulations and financial irresponsibility on the part of the government are really to blame.
What is Good Government?
Good government? Isn’t that an oxymoron?Many today believe so. Who can blame them? Our political system has increasingly become a chaotic jungle driven by competing pressure groups (“special interests”) seeking special “favours” and...Subsidizing Bad Decisions: Government Bailouts for Homeowners in Trouble
Now that the federal government has decided to bail out homeowners in trouble, with mortgage loans up to $729,000, that raises some questions that ought to be asked, but are seldom being asked. Since the average American never took out a mortgage loan as big as seven...Obama’s “Logic” on the Mortgage Crisis
In his “Remarks by the President on the mortgage crisis” on February 18, Obama stated: Our housing crisis was born of eroding home values, but it was also an erosion of our common values, and in some case, common sense. It was brought about by big banks...Obama’s Regulatory Chief Believes in “Libertarian Paternalism”
The old joke runs, “I’m from the government and I’m here to help.” Most Americans are appropriately skeptical of such a claim, just as they are skeptical when told that they’ve won $10 million in a Nigerian lottery. But President...Change Under Obama
The President’s statement reveals a great deal about his understanding or, more correctly, lack of understanding of economics.