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Lift your lamp beside the golden door, Break not the golden rule, avoid well the golden calf, know; not all that glitters is gold, and laissez faire et laissez passer [let do and let pass] but as a shining sentinel, hesitate not to ring the bell, defend the gates, and man the wall

Sunday, October 31, 2010

Liberty and Tyranny

by Mark R. Levin 

"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

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   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
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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%
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The Scope of the Bailout/Stimulus
Central Planning of the Oil Market 

















   
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OIL: Capitalist vs Corporatist, 
 Conservative vs Statist
 


















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