In my opinion, after the recent massive financial bailouts and other interventionist federal actions (and in some cases nationalizations) within our economy (i.e. the private sector), several pressing questions remain unanswered. I have been pondering on five of them for some time now. These are listed below in no apparent order. 1. If bad loans […]
Five Ponderings on the Massive Federal Bailouts Read More »
I just read something powerful from a pamphlet by William J. H. Boetcker (1873-1962) and entitled The Ten Cannots. It was originally published in 1916 but I feel its message is very fitting to us today and especially now during the 2008 Presidential election cycle. Here are the “10 cannots”: You cannot bring about prosperity
10 Cannots by William J. H. Boetcker Read More »
Sometimes a picture really is worth a thousand words. I think the example on the left does just that regarding the seemingly complex concept of socialism and wealth redistribution. In my opinion, it sums up the functional basics of socialism very well. Under a socialistic system, government (or the “community,” as socialistic proponents like to
Graphic Depiction of Socialism Read More »
Let me clearly state that I don’t like or approve of the recent federal intervention in the United States economy. Government policy over the past three decades, pushed to extremes by left-leaning and radical groups like ACORN and using the Community Reinvestment Act, created the corrupt lending environment that was exploited by Fannie Mae and
A Warning About the Socialistic Economic Bailout Read More »
I’m tired of hearing Democrats say we should raise taxes on the rich or the rich should never receive a tax cut. To make matters even more frustrating, they often state this sentiment as if there’s something evil about being rich. Here are three things to consider before embracing the “tax the rich” notion. 1.
3 Reasons Why It Is Foolish to Excessively Tax the Rich Read More »