How should we live? For God? For reason? For others? For the earth? For "humanity"? If we answer any of these, then the next question is, why? Why should we live for God? Why according to reason? Why for others, the earth, or humanity? The only reasonable answer to this question is that to...
Social Security: So Simple A Caveman Could Run It. By Monty Pelerin , posted February 7th, 2010 http://www.economicnoise.com/2010/02/07/social-security-so-simple-a-caveman-could-run-it/ The establishment of Social Security as a retirement program should have been so simple that a caveman could have run...
America’s Bucket List By Monty Pelerin , posted January 1st, 2010 http://www.economicnoise.com/2010/01/01/americas-bucket-list/ Jim H. Ainsworth wrote a timely and appropriate article in American Thinker entitled A Bucket List for America . Unlike the movie, Ainsworth explains that his bucket list...
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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Filed under: economy, politics, financial system, Government, economics, morality, ethics, insolvency, bankruptcy, credibility, integrity, failing
Fannie Mae reports third quarter loss of $18.9 billion and requests another $15 billion in taxpayer funds. Another government enterprise comes back to the well for more, with no end in sight. Bloomberg has a summary of the results here . FNM was the organization that couldn’t do accounting properly...
Consider this scenario, police meaning to a serve a no-knock warrant get lost and mistakenly end up invading the wrong house. The home owner, defending his home from unidentified assailants, fires at and kills an officer. Who is to blame? One defense for the officers jumps to mind, the home owner should...