Why do we have economists? The better question is why do we pay attention to failed economists like Krugman, Greenspan and Bernanke, none of whom predicted this crisis, instead of proven economists like the Austrians?
Here's another example of how the government is like god to corporations, and it destroys those who don't offer enough sacrifice to government. The FTC is investigating Google and Apple because they share two board members. This is like god throwing a lightning bolt near a worshiper, reminding him he needs to make a bigger sacrifice or the next lightning bolt won't miss. As soon as Google and Apple deposit enough money in the coffers of some government aristocrats, this will go away.
Thank's to runaway government spending, the richest county in America is home to Washington D.C.'s rich and powerful.
Ron Paul takes Ben Bernanke to task for inflation and socializing our economy.
It makes perfect sense for corrupt President Obama to back corrupt Pakistani President Zardari, previously convicted for corruption and who only holds his office because was married to Benirzir Bhutto who was assassinated after the US undermined the rule of pro-American Musharraf. How many times can we screw up (in) Pakistan? Rhetorical question.
Congratulations to Chrysler's crediters for standing up to the Obama anti-law machine.
More on Obama's derision of the rule of law - anybody who disagrees with him will be treated as a criminal. Obama will brook no dissention. Bow down or pay the price.
Tuesday, May 05, 2009
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