The Weekend Interview with Stanley Druckenmiller: What If the U.S. Treasury Defaults? – WSJ.com. Any bets on whether Obama or Bernanke or Geithner understand? By JAMES FREEMAN ‘A financial crisis is surely going to happen as big or bigger than the one we had in 2008 if we continue to behave the way we’re behaving,” says Stanley Druckenmiller, the legendary investor and onetime... Read more
Archive for the ‘Socialism’ Category
The Hidden State Financial Crisis
May 19 | Posted by mrossol | Economics, Socialism, US DebtMeredith Whitney: The Hidden State Financial Crisis – WSJ.com. Tips and icebergs… By MEREDITH WHITNEY Next month will be pivotal for most states, as it marks the fiscal year end and is when balanced budgets are due. The states have racked up over $1.8 trillion in taxpayer-supported obligations in large part by underfunding their pension and other post-employment benefits.... Read more
WikiLeaks Assange gets Australian peace prize
May 10 | Posted by mrossol | Philosophy, Socialism, The LeftWikiLeaks Assange gets Australian peace prize – Yahoo! News. Unbelievable! Assange is closer, philosophically to an anarchist and human rights activist. Gives me pause on my opinion of Australian “human rights community”.
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David Gratzer: Canada Makes a Right Turn – WSJ.com
May 6 | Posted by mrossol | American Thought, Economics, SocialismDavid Gratzer: Canada Makes a Right Turn – WSJ.com. Where are all the analogies about the Canadian health system that we should be dying for? ========== By DAVID GRATZER In the winter of 1997, two Canadian conservatives wrote a stark essay arguing that conservative governance was an unlikely prospect for their country. The governing Liberal Party was the most electorally successful party ... Read more
U.S. Dollar Slides – U.S. Officials Are Unfazed
May 1 | Posted by mrossol | Economics, Obama, SocialismU.S. Dollar Continues Slide, but U.S. Officials Are Unfazed – WSJ.com. Isn’t Bernanke great?!
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Dependent on others to pay…
April 25 | Posted by mrossol | Economics, Obama, SocialismNotable & Quotable – WSJ.com. Syndicated columnist David Harsanyi in the Denver Post, April 22: There are many arguments against progressive taxation economically, but it is also true that it erodes the health of our democratic institutions. Rather than shared responsibility, we have a growing number of people who rely on others to pay . . . as they... Read more
