“The worst possible candidates from the Republican and Democrat parties have floated to the top, much like what you see when you glance down into a toilet bowl.”
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“The worst possible candidates from the Republican and Democrat parties have floated to the top, much like what you see when you glance down into a toilet bowl.”
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And it came to pass, in the eighth year of the reign of the evil Bush the Younger (The Ignorant), when the whole land from the Arabian desert to the shores of the Great Lakes had been laid barren, that a Child appeared in the wilderness.
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Are Republicans unaware of the amazing mess the Bush regime has made? It is impossible to imagine a bigger mess. We must get the Republicans totally out of power, or we will have no country left for the Democrats to mess up. I say this as a person who has done as much [...]
So what happens if nearly every bank in America is calling on the Federal Deposit Insurance Company (FDIC) to bail them out at the same time?
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If government wishes to alleviate, rather than aggravate, a depression, its only valid course is laissez-faire – to leave the economy alone. Only if there is no interference, direct or threatened, with prices, wage rates, and business liquidation will the necessary adjustment proceed with smooth dispatch.
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Economist Murray Rothbard explains how central banks, through use of fractional-reserve banking, naturally expand and then contract money supplies, thereby producing business cycles of alternating booms and busts. He also explains how governmental intervention worsens these cycles and how free markets can prevent them.
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The party really is over. We are going to be facing hard times no matter what the government does. If it continues to prop up the sick markets, it only delays the inevitable and then will make the economic downturn even worse. This country cannot avoid the financial and economic day of reckoning, but if [...]
PZ Myers relays the story of a guy that *keeps* the eucharist cracker instead of eating it. And Catholics go nuts over it! So which is it?
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The saber rattling and drum beating for war with Iran are getting louder and louder every day.
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capitalism is going to be subjected to a beating as usual, since Freddie and Fannie are traded in public markets. But the fact remains that there is only one reason that this went on as long as it did and became as bad as it is. It was that vial of government poison.
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