Just How “Great” was the Great Society?

The Great Society was the panacea for poverty, right?  And it especially helped blacks, who had been held back by years of racism, didn’t it?  For those who think that the government is the most efficient dispensary of public welfare, the answer is yes.  But the historical facts and figures disagree markedly, and it’s hard [...]

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The US Government Veers Away from Capitalism

I was a bit surprised to find that this opinion came out of the belly of the Rupert Murdoch empire, but it’s a good one.
U.S. Government Veers Away From Capitalism
There seems to be no end in sight for the bailouts that the government is undertaking, as well the ownership of property that the government takes [...]

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Ron Paul is Spot on With the Economic Crisis – YouTube Videos

Segment 1 of Glenn Beck’s interview with Ron Paul on 9/18/08

It’s important to remember that Ron Paul received 1.2 million votes in the Republican Presidential Primary
The markets are ultimately more powerful than the planners.  The markets will win.
This is a global problem.  Because it’s global, only hard assets will be of [...]

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The Maddening and Deepening Economic Crisis

Credit Default Swaps
Warren Buffet warned five years ago that credit default swaps were a catastrophe waiting to happen.  That catastrophe is now here.
But on Wall Street, specialized insurance known as a credit default swaps are turning a bad situation into a catastrophe.
When historians write about the current crisis, much of the blame will go to [...]

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