There has been a lot of talk about controlling the “excesses” seen in compensating executives recently, especially in those companies where public funds have been infused. Now the talk has spread to controlling how much executives can make in other companies, too.
This is perverted.
While there might be some rationale to putting a cap on […]
Read the rest of Price — No, Wage — Controls
With the government meddling more than ever before in our economic system… taking equity positions in banks, propping up auto manufacturers, etc… it’s no wonder the stock market is gyrating wildly. Stock prices are determined when investors put their money where their mouths are, essentially “voting” on what they believe the value of a […]
Read the rest of Economic Confusion
For decades on end, Americans were known throughout the world as hard-working, self-sufficient, independent, creative people. Our ability to “get the job done” in the face of adversity was renown. We were recognized as being fair and generous and open to a wide range of ideas. We were proud of that reputation.
And, […]
Read the rest of The Perversion of Pride
Congress is trying to work out a “stimulus” plan to help revive our troubled current economy. As usual with politicians, they cannot stay focused on the REAL goal and are compelled to treat this as just another opportunity to push their agendas, support pet projects, payback political debts, and generally just spend money. […]
Read the rest of What is “Stimulus”?
All the economic turmoil has brought to a head many business problems that have been simmering for a long time… some for years. In our free enterprise system, perhaps this is a good thing… IF some of these businesses are allowed to fail. The temptation for government to bail out businesses is very strong, however. […]
Read the rest of Killing The Golden Goose
Before the recent “Rescue Plan” was passed, advocates argued that immediate government action was needed or the markets would suffer and, therefore, all people would suffer. Pro-capitalist members of Congress argued that, while the government should exert economic pressure by controlling the money supply, address the liquidity problem caused by the sub-prime mess, and aggressively […]
Read the rest of Financial Solution Worse Than The Problem
Americans often talk fondly of our Free Enterprise system and its virtues. America certainly would not have grown so rapidly to such a height as a world power were it not for the opportunity it offers. Opportunity for those who are WILLING TO WORK to pull themselves up and become successful in our capitalistic society. […]
Read the rest of Gaming The System
While fingers are pointing in all directions to lay blame for the current financial calamity, and there’s plenty of blame to go around, it seems that most people agree — at least tacitly – on the root fo the problem. Getting some to say it out loud is difficult, however, since saying it DIRECTLY seems […]
Read the rest of Root of the Problem
While I believe SOME kind of economic recovery plan needs to be passed to minimize the problems brought on by the current problems in the financial markets, I do NOT believe we can trust all of Congress to solve a problem that they, themselves, brought on. If a rush plan is implemented it is far […]
Read the rest of Economic Bailout
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