Paying homage to coercion and to the coercer extraordinaire
By Craig Cantoni | November 19, 2008
It’s come to this. It had to come to this. But it’s still frightening that it’s come to this.
We’ve now reached the point in our nation’s history where tens of thousands of adoring fans of Barack Obama pay homage to coercion and to ask for even more of it. In a case of mass cognitive dissonance, they hate George W. Bush for the very same trait that they adore in their coercer extraordinaire.
Stop blaming Capitalism for government failures
By Yaron Brook and Don Watkins | November 19, 2008
Speaking of the financial crisis, French president Nicolas Sarkozy recently said, “Laissez-faire is finished. The all-powerful market that always knows best is finished.”
Sarkozy was echoing the views of many, including president-elect Obama, who assume that the financial crisis was caused by free markets – by “unbridled greed” unleashed by decades of deregulation and a “hands off” approach to the economy. And given this premise, the solution, they say, is obvious. To solve this crisis and prevent another one, we need a heavy dose of Uncle Sam’s elixir: government intervention.