"Jim Rogers, the successful investor and author, puts it well: 'Why are we bailing out Citibank? Why are 300 million Americans having to pay for Citibank's mistakes? The way the system is supposed to work [is this]: People fail. And then the competent people take over the assets from the failed people, and then you start again with a new stronger base. What we're doing this time is ... taking the assets from the competent people, giving them to the incompetent people, and saying, "OK, now you can compete with the competent people." So everybody's weakened: The whole nation is weakened, the whole economy is weakened. That's not the way it's supposed to work.' "
Duh. The. Free. Market.
If only we had some way to educate the public in America so they would know these things! Yes, that's what we need, a system of education, so all citizens would have the basic information and knowledge to understand the issues, and make informed decisions. And so those citizens elected to govern would have at least rudimentary understanding of, say, the Constitution, and economics...
...what a Great Idea. Maybe we should call it....PUBLIC EDUCATION.
If we just had that, everything would okay.
I say we get on that.
The Gunslinger
When I heard Sen.Dodd's finger-wagging statement to the Big 3 Guys (something along the lines of "those who created the problem aren't qualified to solve it",or some such hypocritical drivel),I briefly thought "is that acid I did in the early 80s kicking back in?" Looked out the window,sky was still blue,I was still speaking English instead of Centauri,etc.It was just DC-talk,nothing to do with Reality.Stossel seems to be the sole remaining sane MSM reporter drawing a paycheck.I'm gonna start printing money on my Lexmark...yeah,that's the ticket!
ReplyDeleteSince we now have a democracy, that means you first have to convince the masses that they should compete. That victory should belong to the strong and the smart and the dedicated.
ReplyDeleteA lot easier to sit in front of the TV and vote yourself equality.
"Anonymous":sounds good in theory ("victory to the strong,smart,and dedicated"),but doesn't always happen in Real Life,with PC rampant.Trust me.I know.Hope you don't have the same experience.
ReplyDeleteWe have all been hurt by PC destroying freedom.
ReplyDeleteAs far as the masses are concerned, I was telling my kids the other night not to get mad at the cats for acting like cats. They're limited and can't help themselves.
If you look at the decline of Rome, it was a time of increased freedom and prosperity. On the local level. Some localities, those that stuck to the old ways, didn't do so well. This too is the free market.