Mike it is sad to me you have the beaurocrats hopeless view of the world. Your island story has two sides. Yes the beaurocrat sees a limited amount of resources and only he is the best to determine who receives what and how much. The entrepreneur sees things differently. He sees a problem with the limited resource and asks, how can I increase it, ie. have fish grow larger, have them reproduce more quickly, find an alternative to eating fish etc? Please do not put your faith in goverment, I beleive from the bottom of my heart, you will be diappointed.
Think about the innocent employees, all of them who had nothing to do with it. The fall of the mortgage finance industry was at fault. The government could stand to make money in the end, and you don’t have thousands of people out of work. Let’s think about the little guy here, and be happy for those who will not be out of work.
HMMM. the gov’t comes in – raises hell -fines and people are charged with crimes – it all falls down – THEN the gov’t returns and bails it out with our money. I am not sure but somewhere in there somebody is a bigger criminal than the original company exec
How is it our money? The Fed is not a public entity. It’s THEIR money, and we are supposed to play by THEIR rules. Such is the nature of a FIAT CURRENCY.
The reason for all this is simple: we do not operate in a free enterprise system because there is a monopoly on the creation of money. That is why the dollar is falling and why it has 5% of the purchasing power that it did in 1913. There actually have been times when there were competing private monies (oh my God! You mean people actually did not die by the millions when the “government” wasn’t controlling the money supply?) and people did just fine. If you want to see the real truth about economics and finance, start by visiting the web sites http://www.mises.org and http://www.lewrockwell.com Please don’t for a second think that you’re going to find anything even approaching the truth in the mainstream media, although you might find some fascinating stories on Jessica Simpson’s toenails.
You have all but said what would get you thrown in jail, and possibly killed, in ages past: the government is the biggest crook of all. The government is nothing but a collection of individual men and women who do business with guns and other weaponry. But try telling that to anyone anesthetized by what passes for education and you’ll be called every name in the book: “oh, you’re just an anarchist!;” “you just want to see people starve in the streets!” “what would happen if the government didn’t run ___________ (fill in the blank with whatever you want: old age pensions; health care; the economy; “defense,” ad nauseam)
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Mike it is sad to me you have the beaurocrats hopeless view of the world. Your island story has two sides. Yes the beaurocrat sees a limited amount of resources and only he is the best to determine who receives what and how much. The entrepreneur sees things differently. He sees a problem with the limited resource and asks, how can I increase it, ie. have fish grow larger, have them reproduce more quickly, find an alternative to eating fish etc? Please do not put your faith in goverment, I beleive from the bottom of my heart, you will be diappointed.
And perhaps you should use spell check before you post.
Mr. Executive.
That was meant for Mongoose.
Think about the innocent employees, all of them who had nothing to do with it. The fall of the mortgage finance industry was at fault. The government could stand to make money in the end, and you don’t have thousands of people out of work. Let’s think about the little guy here, and be happy for those who will not be out of work.
HMMM. the gov’t comes in – raises hell -fines and people are charged with crimes – it all falls down – THEN the gov’t returns and bails it out with our money. I am not sure but somewhere in there somebody is a bigger criminal than the original company exec
“bails it out with our money.”
How is it our money? The Fed is not a public entity. It’s THEIR money, and we are supposed to play by THEIR rules. Such is the nature of a FIAT CURRENCY.
The reason for all this is simple: we do not operate in a free enterprise system because there is a monopoly on the creation of money. That is why the dollar is falling and why it has 5% of the purchasing power that it did in 1913. There actually have been times when there were competing private monies (oh my God! You mean people actually did not die by the millions when the “government” wasn’t controlling the money supply?) and people did just fine. If you want to see the real truth about economics and finance, start by visiting the web sites http://www.mises.org and http://www.lewrockwell.com Please don’t for a second think that you’re going to find anything even approaching the truth in the mainstream media, although you might find some fascinating stories on Jessica Simpson’s toenails.
LG,
You have all but said what would get you thrown in jail, and possibly killed, in ages past: the government is the biggest crook of all. The government is nothing but a collection of individual men and women who do business with guns and other weaponry. But try telling that to anyone anesthetized by what passes for education and you’ll be called every name in the book: “oh, you’re just an anarchist!;” “you just want to see people starve in the streets!” “what would happen if the government didn’t run ___________ (fill in the blank with whatever you want: old age pensions; health care; the economy; “defense,” ad nauseam)
Can anyone tell me who makes the decision to spend this $85 billion to bail out AIG? Congress? Senate? President? I didn’t vote on it.
The federal reserve board. But they did not do it without first discussing the matter extensively with all of the institutions you mentioned.