CNBC Marc Faber interview

December 26, 2007 Economics | Leave a Comment

Here is a somewhat dated but still relevant interview with everybody’s favorite bear.

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The Great Libertarian Dilemma

December 26, 2007 Politics | 2 Comments

In the end, every argument descends to this fundamental philosophical question — Is it more important not to obstruct the best of us, or to help the worst of us even we fail. I don’t believe these two options are mutually exclusive, but at the core of every political disagreement I have ever had is this question, and it is simply a matter of priority. The great dilemma is how to win this argument.

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The Bank Bubble

December 26, 2007 Economics | Leave a Comment

Financial institutions are supposed to help connect people who need capital with those who have excess capital for the purpose of generating economic activity. Banks don’t create wealth, they don’t produce anything of value to the world. They are middlemen, and when they take too large a piece of the pie the system fails because those who actually work and produce are not being properly compensated for their labor. Our bubble is not in real estate, it’s in banking.

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