Tuesday, July 23, 2013

Saturday, July 20, 2013

Democracy & ice cream

"Democracy" is not only two wolves and a sheep voting on lunch, it's 310 million Americans going to Baskin & Robbins and deciding on one flavor. --L. Reichard White, July 20, 2013, 13:22:32

"Unfettered Capitalism" - - -

"Unfettered Capitalism" = protected from competition -- usually by "regulation" -- (and/or subsidy) by a government. Otherwise "capitalists" are seriously fettered by "we the customers." Which is why the capitalists engineer protection -- usually by regulation -- (and/or subsidies) from a government.  --L. Reichard White, Saturday, July 20, 2013 10:54 AM
P.S. This is the ultimate result of what, when applied to bank bailouts, is called "moral hazard" as businesses learn how to get governments to underwrite their operations -- using taxpayers' money. 

Friday, July 5, 2013

Where Chaos Comes From

Chaos doesn't come from folks with many different ideas, it comes when someone tries to impose one of those ideas on everyone.  --L. Reichard White, Friday, July 05, 2013 11:31 AM