Why even bother nationalizing these zombie companies- unless you want to move deeper into a corporate/state economy ( fascism )? The time to walk away from bad investments is early, and our investments in banks and insurers are bad investments. We're propping up zombie companies that actually deplete economic energy even when they're quote unquote 'healthy'- all they do is repackage debt and resell it at a higher cost. Why are we saving them? Their contributions are negative in the best of times.
If government spending makes up a greater and greater share of your GDP, that's a signal that your economy is in decay. It's also a signal that our 'experiment with capitalism' has been in retreat for a long time. Government spending cannot drive the economy in anything other than a communist state. Government has no money of its own. Everything they spend is either borrowed ( using the people as collateral ) or collected through taxes.
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December
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- Innovations?
- Clogged Arteries
- Mismanagement Of Money
- Wall Street's Top Ten Lies, 2009
- Prices and Value
- Central Bank Is Anti-Free Market
- Why Not Default?
- Emphasis
- Rules
- Rat In A Snake
- States Going Broke
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- Too Big To Flush
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- Kill The Zombies
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- More Bourbon, Anyone?
- Extra Zero, Anyone?
- A or B or Both?
- Interlocked
- The Phony Panic Of 2008
- Keynes Was A Globalist And Probably A Communist
- Instant Debt Consolidation
- Fiat
- The Bureaucratic System Is Un-Democratic
- Liberals In Fantasy World Continue To Insist That ...
- Let The Skies Open Up
- Cold > Flu? No.
- Virus and Cannibals
- Republic
- Market Manipulations
- The Fed Puts Global Interests Above National Inter...
- Nothing Amiss?
- Principles Of Sound Money
- Borrow More To Grow?
- Origins Of The Internet
- Globalization's Failure for America
- Reckless Overspending
- Better Idea: Stop Debt Payments
- Two Kinds Of Money- Neither Is Free
- Government Is Not An Investor, Part 2
- Government Is Not An Investor
- The Myth Of Government As Private Sector Job Creator
- No Such Thing As A 'Climate Denier'
- Medieval
- 'New Ice Age' Fearmongering From The 1970's
- Phony Leftist Environmentalists Silent About Envir...
- Interlocked
- The Sweat Did Not Warm The Horse
- Row Your Earth
- Bernie Sanders On Bernanke
- Extreme Is The New Mainstream?
- Goldman Is Arming
- Carbon Offsets
- Price Support
- How Can You Declare Victory When The War Is Not A ...
- Drug Money
- Linguistic Violence
- Shock and Awe
- America Without A Middle Class
- Sovereign Debt Crisis
- ClimateGate's Phil Jones Resigns
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December
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Sunday, December 27, 2009
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