Check out the revised version of the well known “Are You an Austrian” quiz and see how free market you are.
Check out this article at Mises.org. Someone actually tallied the cost of the bailout as compared with other historically massive undertakings.
As it turns out, the bailout isn’t that bad. It is only equal to the combined costs of (in adjusted dollars):
- The Marshal Plan
- Louisiana Purchase
- Race to the Moon
- S&L Crisis
- Korean War
- New Deal
- W.’s Iraq Invasion
- The Vietnam War and………
- NASA’s total budget
Actually, the bailout equally all that plus roughly another 700 billion bucks.
Anyway, make up your own mind as to whether its worth it.
“But Obama had a “My Pet Goat” moment, freezing up in the face of the shock. “I don’t think it would be appropriate for me to comment on the issue at this time,” he said. “It’s a sad day for Illinois.” You’d have thought the Bears had failed to make the playoffs.
That was the first day. The second day he was only slightly less tepid, with his office issuing a statement saying, “The president-elect agrees with Lt. Gov. Quinn that under the current circumstances it is difficult for the governor to effectively do his job and serve the people of Illinois.”
Would it be “difficult” for Blagojevich to serve the people? Yes, kind of like it was “difficult” for the Titanic to continue its voyage. Understatement is one thing. What Obama exhibited was more like lockjaw.”
As I said, I’m not going to start saying that Obama knew what was going on or was involved in the scandal, but it does seem odd that he did not immediately come out and thrash the Gov. Perhaps Obama’s message of change is only lukewarm when it comes to corruption…especially democratic corruption.
Read the article from Townhall here.
No one who has any familiarity or knowledge of Chicago politics is, upon honest reflection, actually surprised at this turn of events. Obama himself is not at the center of the scandal, and he and his office are reporting (probably honestly) that he had nothing to do with the Governor. This does, however, point out the general MO of Chicago politicians, of which President-elect Obama is one. Hopefully this embarassment will keep the media a little more focused on Obama to make sure he is on the up-and-up. After all, it is their job.
Take a look at the long awaited Human Action Study Guide. For those without the time to tackle the epic work, or for those who want a refresher and interesting insights, this is a must read.
Even I wouldn’t have thought that the feds could spend money this quickly, but apparently, half of the $700 billion of bailout money has already been spent. If the other half is spent just as quickly then, as posted in one of my previous entries, the total bailout will be at around 8$ trillion. Yes, TRILLION. Here are two articles detailing the catastrophe.
The 75th anniversary of the end of prohibition is tonight, and the way to celebrate seems obvious. Yes, it is a nice little remembrance, but we should also keep in mind all of the other prohibitions under which we still live. This could also be a night to think about how to get the other prohibitions repealed as well. Happy drinking!.
This article from Mises.org dispells any notion that
1) The problems we face regarding healthcare are because it is private and not public and
2) The illusion that we have a private healthcare system at all.
From the introduction:
“It is easy to criticize the US healthcare system, but we should be clear on one thing: it is not “free market” or “private” healthcare. A free market in healthcare would be more efficient and innovative, and offer better quality products and services, with lower prices than is currently the case.
In addition to the US government’s obvious socialist interventions with programs such as Medicare and Medicaid, there are a multitude of other measures that hinder innovation in healthcare — and we can expect only increased involvement under ObamaCare.”
The rest of the article can be read here.