Tag Archives: bailout

Puppets of Bad Ideas

By Joseph | November 14, 2008

The book Pillars of Prosperity is a collection of speeches and essays by Ron Paul that lay out his “views of the proper role of government, namely that it should serve only to protect the life and property of its citizens.”  In a 1984 speech (page 3) he shows the folly of big government and [...]

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Bush to the Left of Hugo Chavez?

By Joseph | October 17, 2008

Reuters reports that Hugo Chavez, the socialist president of Venezuela, says that “Bush is to the left of me now.”  He gives the reason when he points out that President Bush, “announced he will buy shares in private banks.”  Hugo Chavez has been criticized for nationalizing his oil industry and other sectors of the [...]

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I Can’t Agree With Socialism

By Joseph | October 16, 2008

Ron Paul was on Fox Business on Tuesday after the President explained how the bailout of banks would be done.

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Wall Street Journal on Monday’s Market Rise

By Joseph | October 15, 2008

The Wall Street Journal has some interesting facts concerning Monday’s 11% gain in the market. The article, Dow Takes Giant Leap as Bailouts Snap Gloom, explains that this was the fifth biggest percent gain in the history of the Dow.  The other dates on the list are even more interesting.  The top 10 dates [...]

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Intervention is the Problem

By Joseph | October 6, 2008

Economics in One Lesson is an excellent book by Henry Hazlitt that attempts to help people to correctly think through any economic situation. The one lesson is reduced to a single sentence on page 5 of the Mises edition:
The art of economics consists in looking not merely at the immediate but at the longer effects [...]

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Final Bailout Vote Tally

By Joseph | October 3, 2008

A list of congressmen who changed their votes between the first and second time is posted at the Campaign for Liberty. A full list of the votes can be found at the house website.  Gresham Barret, who I spoke positively about before, change his vote and voted for the bill.  The two congressmen from [...]

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How to Guarantee a Depression

By Joseph | October 3, 2008

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Senate Votes to Bailout Wallstreet

By Joseph | October 1, 2008

The senate voted to pass their version of the $700 billion bailout of the rich by the poor.  I wasn’t suprised to find that Lindsey Graham voted for it.  It is great to see that Jim DeMint is one South Carolina senator with some economic sense.  You can see how your senator voted here.
Now would [...]

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The Great Bank Robbery of 2008

By Joseph | October 1, 2008

Robert P. Murphy, author of The Politically Incorrect Guide to Capitalism, has written new article on Mises.org explaining the bailout that failed yesterday and will probably be attempted again on Thursday in a slightly altered form. The conclusion of his article expresses the main problems with the bailout:
The Paulson Plan is a heist. It [...]

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Ron Paul on the Bailout Vote

By Joseph | September 29, 2008

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