Milton Friedman discusses morality and capitalism
(click below to see the rest of this video) Ron Paul at the Florida debate
It sounds like he’s getting more comfortable. He speaks more eloquently when he’s not angry. The Socialist Dilemma
Bring candy and flowers When bankers are cursed While society is strong So greed is defeated But with pay guaranteed When profit is gone While people are weak So progress will stall Robert F. Kennedy Jr discusses modern conservatism
Open minds are closed
I strain to avoid rolling my eyes every time I hear someone claim to have an open mind. People who believe their mind is “open” have actually managed to convince themselves that bias will not influence their decisions, failing to recognize that believing you have no bias is itself a bias. In the real world, in almost every case people are either biased or ignorant — it’s called cognitive dissonance. The Federal Reserve: fourth branch of government?
In previous commentaries I have scolded the Federal Reserve’s indecision and the Federal Government’s spending habits. Recently in the article Bernanke fiddles while Wall Street burns I solicited rational explanations for their behavior. The response has not been overwhelming, but today I came across the following document from the Federal Reserve Bank of St. Louis that peaked my curiosity. Investment strategies for an irrational world
Everyone should invest their money, the last thing you want to do in an inflationary cycle is depend on cash as a store of value. But if you’re not prepared to work hard than you should leave decisions up to someone else. I would recommend periodically seeking advice from an educated friend or family member to keep you on track – but verify with a few sources, relying on people who have little knowledge but sound authoritative can get you in trouble. Stock brokers are generally useless, their only function is to deliberately complicate the entire process and intimidate you into feeling as though you need them. Engineering Consent
This is possibly the most fascinating documentary I’ve seen in years, the implications of which will keep me busy thinking and studying for years. Why there will never be peace in the “Holy” land
The problem is simple and the solution is obvious, but there will never be peace. Rudy’s enemy to save America’s biggest bank?
The Wall Street Journal is reporting that Prince Alwaleed Bin Talal, the subject of Rudy’s scorn at last week’s New Hampshire debate, is about to invest billions more in struggling Citigroup, no thanks to Rudy of course. While it’s not a positive sign for America that foreigners are beginning to seize their assets, it does show a commitment by the Saudi Prince to saving America’s largest financial institution. Would you invest billions of dollars in a country you are trying to destroy? I didn’t think so. |
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