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What Caused the Financial Meltdown?
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<blockquote data-quote="wkmac" data-source="post: 401731" data-attributes="member: 2189"><p><a href="http://www.independent.org/blog/?p=198" target="_blank"><span style="color: red"><strong>http://www.independent.org/blog/?p=198</strong></span></a></p><p> </p><p>Robert Higgs, remembering an August weekend in 1971', was very worthwhile reading in light of this current weekend.</p><p> </p><p>JMO.</p><p> </p><p>BTW Annon, I got no problem with you being here. IMO, we are all annon ourselves as wkmac ain't the name on my birth certificate as I'm sure the other "regisitered" alias' we see here aren't either. We all hide behind self created fictions. The email address we have to use for registration? Mine's a yahoo account so how absolute is that in pointing out who I am? It's the IP that pinpoints you anyway so unless your out with a laptop at a local wi/fi hotspot or hijacking your neighbor's or other unsuspecting wireless signal, you really aren't completely annon IMO. If Cheryl's cool with you being here then welcome to the fray!</p><p><img src="/community/styles/default/xenforo/smilies/FeltTip/wink.png" class="smilie" loading="lazy" alt=":wink2:" title="Wink :wink2:" data-shortname=":wink2:" /></p><p> </p><p>Also, and this as well is a minor point, the first time Bush used the word ownership society was in a speech at Kennesaw State University 20 plus miles north of Atlanta. This speech took place not in 2001' but rather Feb. 20th, 2003' in a speech to rally for tax cut proposals as reported at the time by Pittsburgh Post - Gazette, <em><strong>Bush OKs Funding Bill for Fiscal '03</strong></em>, Feb 21, 2003 Scott Lindlaw. The facts you reported are still the same regarding the speech, just thought I'd pass on the date as a historical footnote if you want to use in the future.</p><p> </p><p>I don't disagree with the concept at all but I do agree it's being co-opted not on the priciples of individual liberty and free markets but rather targeted into well defined market areas. Also I don't believe we've had true free market, lassez-faire capitalism for well over 100 years if not longer and I see today's economy a hybrid 19th century merchantilism/Mussolini corporatism/fabian socialism with a mixture of old world fuedalism over seen by a monarchial state. It's a Heniz 57 dog for sure.<img src="/community/styles/default/xenforo/smilies/FeltTip/happy-very.png" class="smilie" loading="lazy" alt=":happy-very:" title="Happy Very :happy-very:" data-shortname=":happy-very:" /></p><p> </p><p>I think it ironic that I saw where this economic crisis has consolidated 80% of all banking in America into the hands of about 10 banks. What the 19th century robber barons were never able to achieve, the gov't and it's state policy has!</p><p> </p><p>And there are those here who still insist the gov't is here to protect you and must intervene in the market place. The 90' was Goldman Sachs Robert Rubin leading the economic charge (Rubin now head of Citigroup) and today it's Henry Paulson also formally of Goldman Sachs.</p><p> </p><p>Anybody starting to take hint of a slight trend here?</p><p><img src="/community/styles/default/xenforo/smilies/FeltTip/wink.png" class="smilie" loading="lazy" alt=":wink2:" title="Wink :wink2:" data-shortname=":wink2:" /></p></blockquote><p></p>
[QUOTE="wkmac, post: 401731, member: 2189"] [URL="http://www.independent.org/blog/?p=198"][COLOR=red][B]http://www.independent.org/blog/?p=198[/B][/COLOR][/URL] Robert Higgs, remembering an August weekend in 1971', was very worthwhile reading in light of this current weekend. JMO. BTW Annon, I got no problem with you being here. IMO, we are all annon ourselves as wkmac ain't the name on my birth certificate as I'm sure the other "regisitered" alias' we see here aren't either. We all hide behind self created fictions. The email address we have to use for registration? Mine's a yahoo account so how absolute is that in pointing out who I am? It's the IP that pinpoints you anyway so unless your out with a laptop at a local wi/fi hotspot or hijacking your neighbor's or other unsuspecting wireless signal, you really aren't completely annon IMO. If Cheryl's cool with you being here then welcome to the fray! :wink2: Also, and this as well is a minor point, the first time Bush used the word ownership society was in a speech at Kennesaw State University 20 plus miles north of Atlanta. This speech took place not in 2001' but rather Feb. 20th, 2003' in a speech to rally for tax cut proposals as reported at the time by Pittsburgh Post - Gazette, [I][B]Bush OKs Funding Bill for Fiscal '03[/B][/I], Feb 21, 2003 Scott Lindlaw. The facts you reported are still the same regarding the speech, just thought I'd pass on the date as a historical footnote if you want to use in the future. I don't disagree with the concept at all but I do agree it's being co-opted not on the priciples of individual liberty and free markets but rather targeted into well defined market areas. Also I don't believe we've had true free market, lassez-faire capitalism for well over 100 years if not longer and I see today's economy a hybrid 19th century merchantilism/Mussolini corporatism/fabian socialism with a mixture of old world fuedalism over seen by a monarchial state. It's a Heniz 57 dog for sure.:happy-very: I think it ironic that I saw where this economic crisis has consolidated 80% of all banking in America into the hands of about 10 banks. What the 19th century robber barons were never able to achieve, the gov't and it's state policy has! And there are those here who still insist the gov't is here to protect you and must intervene in the market place. The 90' was Goldman Sachs Robert Rubin leading the economic charge (Rubin now head of Citigroup) and today it's Henry Paulson also formally of Goldman Sachs. Anybody starting to take hint of a slight trend here? :wink2: [/QUOTE]
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