The collapse of the housing market was inevitable and no surprise to those of us who were paying attention. It has its seeds in government intervention in the free market (as do most financial crises). In the Clinton years, government eager beavers discovered that people who could not afford homes could not get home loans. This, they […]
Posts from ‘September, 2008’
On Socialism
Socialism says that some people must sacrifice so that others may benefit. This is the same theory behind throwing a virgin into the volcano or cutting the still-beating heart from someone’s chest to appease the Gods. Some people benefit, some have to pay.
On Subsidies
It’s simple economics: if you subsidize something, you’ll get more of it. Make something more affordable through subsidies and more people will buy into it. Government loves to subsidize things to encourage us citizens to act in certain ways. Government gives (or has given) tax credits — free money — to people preserving historic buildings, people who […]
The RNC Continues
Today’s coverage of the Republican National Convention (as reported by CBS) Consisted of George W. Bush on a huge TV screen providing all the usual blather about what a great president John McCain will make. This was followed by more coverage of the scandals surrounding Sarah Palin. The Republicans did have some good talking points […]
Palin’s Daughter’s Pregnancy
This posting was to have been about the first day of the Republican National Convention but there were a few snags. First, the everyone felt it would be unseemly to carry on convention activities as planned with Hurricane Gustav threatening the gulf coast, so actual convention activity was limited to just 2 1/2 hours of […]