Sunday, November 23, 2008

Economic Shock and Awe

It appears the new boss my take an economic lesson from the old boss' shock and awe:
"Some economists have endorsed spending up to $600 billion to revive the economy. Sen. Charles Schumer, D-N.Y., and former labor Secretary Robert Reich, a member of Obama's economic advisory board, both suggested $500 billion to $700 billion.

'I don't know what the number is going to be, but it's going to be a big number,' Goolsbee said. 'It has to be. The point is to, kind of, get people back on track and startle the thing into submission.'"
Frankly, I am shocked neo-Keynesian approach is being taken. We will all pay for this later.

posted by Jim VAT @ 3:35 PM 0 comments

Thursday, November 20, 2008

Capitalism Dead?

Hayek is spinning in his grave and John Galt is screaming:
"'It's a legacy that will set back the concept of economic liberty by a century. The free market, for all intents and purposes, is dead in America.'"

posted by Jim VAT @ 8:10 PM 0 comments

Friday, November 14, 2008

Exactly

The Loss Of Individual Liberty:
"We are being asked to unlearn what we know, to surrender the virtues that can only be acquired in conditions of freedom, and to become a lesser people than we are. The land of the free and the home of the brave could soon be transformed into the land of the dependent and the home of the infantilized."

posted by Jim VAT @ 6:18 PM 0 comments