"We all declare for liberty; but in using the same word we do not all mean the same thing. With some the word liberty may mean for each man to do as he pleases with himself, and the product of his labor; while with others the same word may mean for some men to do as they please with other men, and the product of other men’s labor. Here are two, not only different, but incompatible things, called by the same name—liberty. And it follows that each of the things is, by the respective parties, called by two different and incompatible names—liberty and tyranny." Abraham Lincoln 1864________________________________________________________________________________
pg82
___________________________________________________________ A. What belongs to no one is wasted by everyone
B. Statist's rationalizing Loophole around property rights "The Public Good"
Four Events that led to the Housing Bust of '08
EVENT 1: The CRA of 1977
___________________________________________________________
__________________________________________________________
EVENT 2: HUD pressures Govt Chartered Freddie and Fannie to encourage risky loans
EVENT 3: Govt Intervention/Social Engineering produces the "Derivative"/Speculation Market
EVENT 4: The Federal Reserve slashes interest rates from 2001's at 6.5% to 2006's at 1%
_________________________________________________________
________________________________________________________________________________
The Scope of the Bailout/Stimulus
Central Planning of the Oil Market 
________________________________________________________________________________
OIL: Capitalist vs Corporatist,
Conservative vs Statist
pg90
________________________________________________________________________________
---
No comments:
Post a Comment