Permacritical

Recent Policy Decisions and a Greater Depression

Great assessment. You must be acquainted with Peter Schiff.

The Bailouts Are Doomed - All of Them

Okay but again you are blaming the free market and not federal power in your conclusion. Unfortunately you are not part of the solution but the problem. Hopefully people don't read your article to its conclusion. Pin the blame where it belongs, it makes a difference in what happens going forward. If the free market is to blame, then guess what - we get more regulation from those who directly feed off of the free market - aka. parasites. If it is the government, then we get the solution - LESS GOVERNMENT and a REAL DIFFERENCE!!!! Choose this day whom you will serve!

The Myth of Wall Street

Don't demonize the free market! The buyer must always beware. I would not have a problem with full disclosure for everyone, but unfortunately the IRS and taxes exist and honest people are punished and deceitful people are rewarded. Who wants to be honest in an arrangement like this? Anybody? Anybody? The market is simply responding to the confiscatory role that taxes play in our society. It is a good thing that people hide their money so that they can keep as much of it as possible. This is what makes people wealthy, keeping our money not letting someone else take it. The government takes it and pees it away on the Ponzi Scheme of Social Security and other such tripe that adds no value. The 16th amendment is immoral, reprehensible, breeds deceit in our society, and is certainly and patently unconstitutional. The market is much less corrupt than those who make our laws, because it is forced to submit to it whenever it comes knocking on the door. The government is never forced to submit to it. The worst that can happen is that they lose their overpaid and underworked job, eg. Nixon and that A-hole Spitzer, but they'll make more than their state salary writing books and granting interviews. In conclusion full disclosure is great for everyone, just get rid of taxes and we'll certainly do our part to be honest. Then again without taxes the motivation for being deceitful seems to evaporate - funny how that works isn't it. If you treat the market right, then it will treat you right. If you treat it wrong, it will turn around and bite you in the A when you least expect it. The ones with the highest motivation to lie are the rich, becuse duh - they have the most to lose. Most of our problems are really quitre easy to fix when you think about it.

A Capitalist Reformation

Agree wholeheartedly! Another media type afraid to call things what they really are. Capitalism is almost dead and socialism is firmly in place. Hybrid 21st century capitalism is merely creeping deceitful socialism, lets not be cowards and start calling things what they are. Any government program has the paradigm "take from everybody, give to a few, while the bureaucracy takes their 60% off the top. Everybody wants their piece of the action and why not everybody pays for it, the rich, middle class, and poor! When the dollar dies nobody will care about anyone but themselves. As Government jobs increase real private sector and actual production declines. This is why the Feds have systemically blinded our eyes by removing M1 money supply data, secretly entered service and loan data into GDP numbers, and show governments jobs as jobs created. For many years we always looked good with these numbers as our private and public debt was leading us down the primrose path to Hades. They voted themselves pay increases during the so called "boom " years for a job well done. They take credit for the booms and demonize capitalism for any failures. The response is more government control as if they were the only unbiased entity in the economic food chain. When people get punished for saving by paying high taxes on dividend income and rewarded for going into debt, then this is a 100% government created problem. They have masterfully marketed themselves as the saviors once again and the stupid American public has bought into it hook line and sinker. In the end I hope I can keep my wife, family, and home. The true capitalist only needs the gun and gold. To hell with all the liars and those that would use this country's wealth to enrich themselves. Mainland China is more capitalist than this place!


On Nov 06 10:14 AM cgr wrote:

> You are obviously not a Reagan Republican. The system that you are
> criticizing is socialism not capitalism. Socialism creates public
> debt. Capitalism is not premised on greed but rather on voluntary
> mutual exchanges. BTW, the US still produces over 20% of the worlds
> good with only 4% of the world's population.