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No doubt I may well be the thousand and umpteenth person to blog this, though I thought I may as well do my bit to help spread this noteworthy video: \”Fear the Boom and Bust\” a Hayek vs. Keynes Rap Anthem Aside from the inaccurate portrayal of both men’s personalities (I think Hayek was much more of [...] Just a quick, if obvious thought. I was watching a show on the history channel about US presidents. They showed the famous clip from George Bush, Sr.’s campaign promise “read my lips. No new taxes!” Fast-forward a few years and taxes increased. The Law of Economics demanded that taxes be increased. It’s very simple: there [...] If I were President, I’d have one simple rule: absolutely no bail outs. The bails outs that have saved the insolvent banks in the US have created such great problems and have served only to expand the reach of government. It is so predictable that the government cannot just bail out “systemically important” institutions smoothly; there [...] |
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