Here are some points to note from this past week:
- Due to the cover-up of fraud (not incompetence), here comes the red tape. [Let me get this straight, a cover-up of outright fraud is being perpetrated by public officials for the "good" of the public. Therefore, the solution isn't a revelation of the fraud and subsequent insolvency, rather the solution is intrusive regulation into the entire sector so the fraud won't happen again (so they say). All the while, those directly responsible for the fraud escape the consequences. Is that right?]
- Moyers asks, “Are you saying that Timothy Geithner, the Secretary of the Treasury, and others in the administration, with the banks, are engaged in a cover up to keep us from knowing what went wrong?”
- Black: “Absolutely.”
- Meanwhile, we're told we must keep the Federal Reserve independent. (As usual, we're supposed to trust that there's nothing funny going on here. It's time for an audit!)
- Is there hope against the continual expansion of big governmental bureaucracies? New Media vs. Gnostic Bureaucracies
- The Gay Marriage Fantasy - William Murchison
- What this, is Obama going it alone? Non, Nein & No Ringing in Obama's Ears
- Moody's out with a "Warning on US Municipal Bonds"
- Thomas Sowell on Mind-changing Books and Musings on the Age of Obama
- Do bailouts work? Despite $3T in capital infusions and $13T in guarantees, the World Economy is Falling Faster Than in 1929-30.
- How Bernanke Staged a Revolution
- The Fed's Independence Is Threatened by Congress (Boo hoo)
- As if you didn't notice, but here's more about Obama and the Return of Corporatism
- Obama's Ultimate Agenda (Hint: Corporatism is just a side-show)
- James Freeman on Is Silicon Valley a Systemic Risk? (Sec. Geithner seems to think so)
- We're in trouble, just 53% say capitalism is better than socialism
- Are we faced with The End of Philosophy?
- Rethinking Socialism: Were We Ever Really Capitalist? - FOX Business
- How to 'Black Swan' Proof the World - Nassim N. Taleb
- Happy Good Friday, and Easter, everyone!
'Only Ponzi schemes should depend on confidence. Governments should never need to “restore confidence”.' -- Nassim N. Taleb - 4/7/2009
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Now, here's Gov. Mark Sanford on why he's rejecting $700M of stimulus cash
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Bottom line, he wanted to use the money to pay down debt, but Obama said no. Sanford is asking what will happen in 24 months when the money runs out? I wish more people were asking these sorts of questions.
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