LIBERTY: Let’s try peace and liberty

Wednesday, September 2, 2009

http://channel-surfing.blogspot.com/2009/08/whole-foods-hit-by-protests.html

MY RESPONSE TO: “Whole Foods hit by protests”

>People like Mackey, soulless wealthy sociopaths

Now I’m not going to assert that capitalists are the Mother Teresa’s of the world. BUT, (there is always a big butt), they are not the Devil Incarnate either.

Mackey feeds the hungry. OK, you’re not going to see it that way. And, he’s well compensated for his modest efforts.

I read his WSJ op ed and I thought the fellow has courage. He could have just as easily said nothing. Like the “Silent Majority”, who don’t have the stones to speak up and give us the benefit of their wisdom or whizdumb!

I think you misread his text and his intention. Creating more gooferment isn’t the solution to ANY problem. Fixing the gooferment’s perverse incentives is almost always the best answer.

>just don’t give a damn that there are tens of millions of Americans without health care in this

For the moment, let’s ASSUME that there are 45 million uninsured. They do GET health care via emergency rooms and hospitals, but there is some modest agreement that: (1) it’s not cost effective to do that; (2) it delays small problems into big ones; and (3) it’s not efficient.

Wouldn’t it be better to give everyone a tax credit to buy insurance? (Certainly better than ‘cash for klunkers!) I’m sure the “greedy” insurance companies would happily “suborn” the premium (i.e., like the tax prep firms, your social security number gets you a ‘refund anticipation loan’. So to your social gets you an ‘insurance anticipation loan for health insurance’.)

So why isn’t this idea debated?

Because the special interests don’t get control! Politicians don’t get to tell people what’s good for them.

And, obtw, those rich youngsters who don’t want to buy insurance don’t have anyone else to blame.

And, the supposedly “illegal” aliens wouldn’t be a problem if we didn’t have welfare programs. (That is, if there was no “free” education, welfare, and healthcare, then the only folks who came wanting to work would be coming here. Like the old days. Get on the boat and come, we always have room for more workers. Most of us have ancestors who hit the dock with just a smile! Heck, I’d be issuing green cards with tins at the dock and thanking them for coming. That’s the America personified by the Status of Liberty. Come one and come all. We have enough freedom for everyone. That’s Libertarian.)

And, criminals — “illegal” or not — lock them up!

And, obtw, in a Libertarian America, the drug dealers would have to find other work. We’d eliminate all the drug laws. (What would the Columbian Drug Lords do? Go back to farming or cheating widows?) So, we turn Big Pharma loose making the best cleanest drugs possible. (It’s estimated that currently “illegal” street drugs would cost little more than aspirin. And, do you think that WalMart or Walgreens would sell heroin to children? WalMart won’t sell X rated videos because their customers would punish them.) We could empty the prisons of non-violent drug offenders.

America would be supercharged!!!

>He’s filthy rich, he’s covered, his loved ones are covered and beyond that he does not care.

And, how about all those ‘caring’ politicians who say ‘good for thee, but not for me’.

>FDR called them economic royalists.

FDR was the biggest souless empoverisher, next to old “Honest Abe”, in American history. His economic ignorance created Social Security to empower the Democratic Party and set us on the Road to Hell. By eliminating gold currency, he permitted the welfare warfare state to explode.

>

I really hope that some day we can try peace!

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MONEY: FDIC “insurance”?

Wednesday, September 2, 2009

http://www.lewrockwell.com/sardi/sardi117.html

FDIC Walks a Tightrope
by Bill Sardi

*** begin quote ***

Bair’s second assignment is to slowly put small insolvent American banks out of business, over a thousand of them, while fostering public confidence in the FDIC insurance company’s ability to insure the public’s money. The FDIC admits to only 416 on the agency’s “problem bank” list. Frankly, without bailout money, few banks would have adequate reserves. By collapsing small banks, depositors are likely to bank their money at larger institutions. So Bair is really a shill for the large bankers to rub out their smaller competition, though she may have no other option in this instance.

*** end quote ***

So, why if “too big to fail” is bad, does the gooferment limit the size of a single bank to say ONE ONE THOUSANDTH of it’s reserve. And, oh by the way, why doesn’t it have a REAL RESERVE? Not so IOU from the FED or the Treasury.

Argh!

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