Hope. People with little hope (any free-marketeer or Republican/conservative with working eyes and ears right now) often cling to anything remotely resembling a way out of their percieved problems. The fact is, the gulf in competence between Obama/Biden and McCain/Palin is growing embarrassingly large. It will become more and more important as you approach the election. McCain/Palin know *nothing* about economics and are not trying to learn. Obama knew nothing, but is far more intelligent than McCain/Palin, a fast learner, and has been getting Buffett, Soros and others to brief him for the last year. That's the difference between a smart, competent, fast-rising political player, and amateur noobs (Palin) or ageing has-beens (McCain). Come election time, people will look at Obama, who will be well-briefed and (for a politician) sound reasonably competent economically, a man who can maybe help get the USA out of its predicament. Biden will deflect "inexperience" charges without stealing the limelight. McCain will sound woefully out of touch and economically illiterate, and Palin will just compound that impression. On speeches and debates, Obama will massacre the Republicans on this hot-button issue.
"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S." - President F.D. Roosevelt, 1933
Mercor, yes - it was in the economics forum right now (where you probably found it). http://www.gold-eagle.com/editorials_01/seymour062001pv.html
Keep telling yourself that, you Xanax-popping Bluepill gobbler ... hehehe You are seriously delusional. You now have nationalsocialistic government. No regulations? Look up the definition. I already went through the list here... For being nationalsocialism: anti-parliamentarism - CHECK Pan-Americanism - CHECK(www.anglospeherchallenge.com , www.newamericancentury.com) welfare state ideology - CHECK today, I guess - FNM and FRE(?), babyboomers retirement racism - CHECK, checkered past but Neocons hate blacks and huge socioeconomic systemic bias, nuke arabs collectivism - CHECK, chanting, symbolism, rallying, self-censorship .. disturbing eugenics - CHECK - hmmm, certainly elitist Managerial state and cognitive elite antisemitism - uhm, not really - but anti-islamists for sure - so, CHECK anti economic liberalism - CHECK, I guess anti political liberalism - CHECK too - they hate any egalitarianism anti-communism - CHECK, no doubt anti-capitalism - DUNNO, certainly not free markets anyway totalitarianism - CHECK totally - Patriot Acts, unilateral rampage and elitist control, "global war of ideas" Isn't the US in fact nationalsocialist?
Since you seem to be a lover of freedom and free markets, your admiration of an anti free trade, pro government regulation, socialist candidate is perplexing. Perhaps you are blinded by a hatred of Bush, who is a regular Ludwig von Mises compared to Obama. In addition, just because Buffett and Soros had been successful speculators before turning to populist politics, it does not make them authorities on economic theory, public policy, or Constitutional law. They are just two old men trying to use there wealth to exercise power over others and secure a favorable legacy.
Since you seem to be a lover of freedom and free markets, your admiration of an anti free trade, pro government regulation, socialist candidate is perplexing. Perhaps you are blinded by a hatred of Bush, who is a regular Ludwig von Mises compared to Obama. You are pretty much out of touch with reality. If you don't think that more regulation is needed right now...I don't even know what to say. We all love the free markets, just like we love our freedom. But I also realize that freedom is only possible because of the laws that keep us from falling into chaos and anarchy. Ironically, laws are an integral part of freedom. Same sort of concept with the free market. It's a balance between the two that keep things from being tyrannical or complete anarchy. Referring to Obama as "socialist" I have found is a lot of people's way of copping out of the necessary research and critical thinking involved in picking a candidate. Don't be a lemming, do the work. In addition, just because Buffett and Soros had been successful speculators before turning to populist politics, it does not make them authorities on economic theory, public policy, or Constitutional law. They are just two old men trying to use there wealth to exercise power over others and secure a favorable legacy. [/QUOTE] Thats ridiculous. They are very successful and knowledgeable businessmen. I can't think of any better people to keep a close eye on where all that tax money goes. People who, for their whole lives, have been watching the bottom line and doing a damn good job. They had to use large amount of capital efficiently to get to where they are, and in that respect they are the best of the best.
But I also realize that freedom is only possible because of the laws that keep us from falling into chaos and anarchy. Ironically, laws are an integral part of freedom. Same sort of concept with the free market. In a free society, the only just laws are those that protect one citizen's person and property from another citizen's aggression. The same concept for free markets: laws are only to protect the legitimacy of contracts and to punish fraud. Laws and regulations are the direct cause of the current mess, from the Federal Reserve System to the GSE's. To think more regulations (impediments to the free-market mechanism) will fix the problem is incredibly naive. Referring to Obama as "socialist" I have found is a lot of people's way of copping out of the necessary research and critical thinking involved in picking a candidate. Support for wealth redistribution and more state control over the economy are indicative of the socialist tendencies of Obama. Thats ridiculous. They are very successful and knowledgeable businessmen. As written previously, none of their accomplishments, however impressive, qualifies them to shape public policy in accordance with the Constitution. And they both have their own agendas.