Russia backs return to Gold Standard to solve financial crisis?!?!?!? I never thought I’d read that headline about any country, particularly Russia. I don’t know anything about the particulars of the plan (if there are any particulars yet). The story makes clear it would be only the tiniest step back in the direction of a [...]
Right on the heels of my post below, I see that Yaron Brook was on PJTV today discussing the Auto Bailouts as well. He hits on many of the points I touched on below, specifically the outright fascism that was on display today. I’m sorry, and I guess I shouldn’t be surprised, but if you’d [...]
First, a definition: “Under fascism, men retain the semblance or pretense of private property, but the government holds total power over its use and disposal.” Second, a series of quotes from the Wall Street Journal: Mr. Wagoner was asked to step down on Friday by Steven Rattner, the investment banker picked last month by the [...]
So – do you have 1 hour to spare? If you do, and want to get your arms around what really caused the mess we’re in, go watch this lecture. The speaker is John Allison, until recently the CEO of BB&T, a bank that has weathered this storm far better than most (not that they [...]
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