Thomas Sowell talks about how FDR’s interventions into the market prolonged and deepened the depression, and how Obama’s interventions are doing the same thing.
Here is a quote from the video, “..one parallel is people are talking about these highly intelligent people with whom the president has surrounded himself. FDR surrounded himself with highly intelligent people, that is no guarantee of anything except brilliant rationalizations for failure …..”. (more…)
Categories: Government and Politics
Tags: Barack Obama, FDR, Government Intervention, Great Depression, Saul Alinsky, Thomas Sowell
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Spontaneous Order (Photo credit: KAZVorpal)
SPONTANEOUS ORDER CREATES COMPLEXITY.
For us to understand how free market capitalism works, we have to understand the concept of spontaneous order. In this video below titled, “The Lawless Streets of Hanoi, Vietnam”, the man filming the video doesn’t even understand what he is watching. He says,”There’s no traffic lights to be found and everybody pretty much does what they want……It’s mad chaos.” He’s used to seeing traffic centrally planned by signs, signals, or traffic cops, and because of this bias toward centrally planned order, he is incapable of seeing the complex order that is created by individuals voluntarily cooperating. (more…)
Categories: Econ. 101
Tags: Complex Systems, Free market, Government Intervention, Market economy, Planned economy, Spontaneous Order
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Higher education — Remember young man, your first step in the REAL WORLD is just 8 feet ahead. Best of luck !!! …item 2..Men and women both have different ways to get from A to B (2 May 2012) .. (Photo credit: marsmet471)
In a previous post, “Young People Get Hooked Into Huge Debt When They Take The Student Loan Bait”, we talked about how high school graduates are becoming debt serfs thanks to the Government. Lets analyse a couple of articles that talk about the rate of illiteracy for N.Y.C. high school graduates, and see if the evidence leads us to the same perpetrator, Government.
The first article’s headline is,” Shocker: 80% of NYC Graduates Unable To Read“. This headline is misleading. What is really being said is that 80% , or 10,700, of NYC high school graduates who take a test to get into community colleges failed to meet basic skills they should have learned in high school. But don’t worry, (more…)
Categories: Government and Politics
Tags: Community college, Cost of College, Crony Capitalism, Government Intervention, Lower Standards, NYC Graduates Illiterate?, Student Debt
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AUSTRIAN ECONOMICS ADDICT