Peter Schiff: Analogies For Our Economy

Posted by Patrick Semmens in April 8th 2009

Posted by Patrick Semmens in April 6th 2009

Remember that story about how unfettered free-markets, limited-government, and massive deregulation are what Big Business wants so they can exploit the working class?
Turns out it’s not true. Take a look at who the Chamber of Commerce thinks are the most pro-business politicians, and which ones don’t make the cut:
Sen. Jim DeMint, R-S.C., had the most [...]

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under: Economics, Republicans, Socialism, Spending, Taxes

The “Free Market” Strawman

Posted by Patrick Semmens in April 5th 2009

I also read this article and had the same reaction.

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under: Collectivism, Economics

How To Nationalize Any Company In Four Easy Steps

Posted by Patrick Semmens in April 4th 2009

The Obama administration has nationalization down to a science:

Offer company loads of taxpayer money at virtually zero cost.
If company says no, threaten company with regulatory crackdown until it relents.
Add strings to money company already accepted (ex post facto), including the power to fire CEOs.
When companies try to payback money, refuse to accept payment, and tell them to [...]

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under: Collectivism, Economics, Socialism

The Ron Paul of Britain?

Posted by Patrick Semmens in March 26th 2009

Truth telling on the other side of the pond:

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under: Collectivism, Debt, Economics

Magical Obama

Posted by Patrick Semmens in March 19th 2009

Obama has pledged to cut the deficit in half by the end of his term… Can anyone look at this graph and think he’ll actually do it?

By the way, it’s worth noting that the chart was made before another $.9 billion in deficit spending.

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under: Economics, Obama

Peter Schiff Explains the Economy

Posted by Patrick Semmens in March 18th 2009

CNBC really should devote an hour to airing this speech in its entirety. In it Schiff explains, in a jargon-free manner, what went wrong with the economy, why the central planners are mostly to blame, and what is likely to come next.

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under: Economics