By Monty Pelerin , posted December 3rd, 2009 http://www.economicnoise.com/2009/12/03/jimmy-stewart-wouldnt-run-these-banks/ Frank Capra’s George Bailey of Bailey Savings and Loan would surely not recognize our banking system or its accounting. However, Mr. Potter, George’s evil competitor...
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Monty Pelerin
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Thu, Dec 3 2009
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Filed under: economy, politics, financial system, Government, economics, morality, ethics, insolvency, bankruptcy, credibility, integrity, failing
The Federal government has now grown so powerful that some in this nation are taking its slightest wish to be a command. The announcement on Monday by a group of major American corporation, including Hewlett-Packard, AT&T, Tyco and others, that they will be adopting new executive compensation guidelines...
Welcome to my new blog here on Mises.org. It's been a few years since I've had the inspiration to speak to the world on a regular basis. When I last blogged regularly, the future looked brighter than ever as capitalism was spreading across the planet in a seemingly-unstoppable avalanche. China...
We tend to forget that government, politics, and economics are not the same thing. The word politics and the phrase political party don’t even occur in the U.S. Constitution or the Bill of Rights. Nor is the word economy even implied in either of these documents. In fact, George Washington, the...
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FutbolGuru
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Mon, Feb 23 2009
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Filed under: capitalism, government, politics, greed, selfishness, nepotism, free market, materialism, hedonism, economics
The debate continues, among the economically illiterate lawmakers in Washington, D.C. About whether or not the Federal government should make some $25 billion available to the Detroit automakers to, supposedly, enable them to remain in business. As part of the theater surrounding this debate the Senate...
The latest word from Treasury Secretary Henry Paulson is that he believes “we have stabilized the major financial firms” and that he does not anticipate any more failures of large companies. He has effectively declared victory in the so-called economic crisis that this nation is facing, a...
The Federal government is about to stage yet another “bail-out” of a business which is “too important to fail.” This time the target will be Detroit's Big Three automakers, beginning with General Motors. We are hearing the now familiar drumbeat of predictions of horrible economic...