This is just dandy. One would pretty much have to be a blind, state-worshipping d-bag to not realize the Fed played a major role in the financial crisis. But as it goes, the government is spectacular at rewarding failure and punishing successs. So I guess this is, unfortunately, no surprise. Unfortunately, as Judge Andrew Napolitano asks, “who will regulate the Federal Reserve?” Apparently no one.
political terminology's archives
Swift Wits: More Power to the Fed, Not Regulating Fannie and Some More Useless Terminology
under: Federal Reserve, Individual v. Collective, Live and Learn, Obama Says, Treasury, Trust
Tags: anarcho-capitalism, Andrew Napolitano, Ayn Rand, Barack Obama, Fannie Mae, Federal Reserve, financial crisis, Freddie Mac, GDP, laissez-faire capitalism, Nouriel Roubini, Objectivism, political terminology, regulation, Tim Geithner, Tom Dilorenzo, Wall Street Journal
The Uselessness of Political Terminology: Part 2
As seen in Part 1, political terms, such as liberal, conservative or libertarian, are muddled enough. Unfortunately, political organizations, popular terms and ideologies have many of the same issues. The political parties in the United States have gone through whole sale shifts in political ideology. Republicans used to be the party of tariffs and protectionism, now they are avid free traders. Democrats were the party of slavery and Jim Crow, before becoming the party of Civil Rights and Affirmative Action.
under: Individual v. Collective, Live and Learn, Trust
Tags: ACLU, Barack Obama, Bill Clinton, Catholicism, Change, Christianity, civil rights, democracy, Democrats, equality, feminism, freedom, freedom fries, George Bush, Gnostic Christianity, Iraq War, Islam, Korean War, libertarianism, Mel Gibson, NRA, Patriot Act, political correctness, political terminology, Protestantism, Reformation, Republicans, Shiite, Sri Lanka, Sunni, Tamil Tigers, U.S. Constitution, Vatican II, Vietnam War
The Uselessness of Political Terminology: Part 1
What this whole mess elucidates is, as far as politics (and subsequently, economic policy) are concerned, actual positions are of little importance. All that matters is that you root for your team, be they Democrats or Republicans. Thus, we see Fox News begin to attack every push for increased state power, while MSNBC defends such policies. Under Bush, it was the opposite.
under: Game Theory, Individual v. Collective, Live and Learn, Trust
Tags: Adam Smith, Adolf Hitler, anarcho-capitalism, anarcho-syndicalism, anarchy, Barack Obama, BNP, British National Party, classical liberalism, communism, conservatism, Department of Homeland Security, fascism, FOX News, Franklin Roosevelt, Great Depression, Harrison Narcotics Tax Act, Irving Kristol, John Locke, Karl Marx, Leo Strauss, Leon Trotsky, liberalism, Mark Twain, Martin Luther King Jr., Marxism, MSNBC, Nazi's, neo-conservatism, neo-liberalism, New Deal, New York Times, Noam Chomsky, Osama Bin Laden, Paul Krugman, permanent revolution, political terminology, Progressive Movement, racism, radicalism, reactionary, right-wing extremism, Rush Limbaugh, Sean Hannity, socialism, Thomas Jefferson, Woodrow Wilson
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