Entertaining and instructive read.
Couldn’t they start with a much shorter list, like: What Obama DOES Know.
Nice read.
Thanks for posting.
It was a very interesting read.
I haven’t ever felt like the market was truly free.
There are far too many regulations for it to be so.
Interesting what they said about regulations being there to aid and abet criminals. It reminds me of all those congressional “oversight” committees.
I know nothing of economics aside from basic accounting, but I also know all these bailouts and other forms of government intervention are no good and will probably only make things worse. As it said in the article, the market is kind of like a complex ecosystem, and if it is meddled with too much, it can die.
I can’t believe there were actually posters here who wished very bad things on me because I was against the bailouts from day one. I wonder if they all have brand new screen names.
Great post - ping!
The GOP loves regulation. Their lawyers love it, the accountants love it, the bigger businesses that can afford it, even afford the penalties love it because they know small, less overhead business that they compete against, and that may grow against them and more importantly their GOP stockholders, can not afford the regulations.
Wow. Thanks for posting that. I’d have never found it on my own.
If we had ratings here, I’d give it 4 stars!
:)
--the key sentence; it needs to preface any discussion of "government"--
...isn’t nearly as scary as what he does know that just isn’t so.
FANTASTIC ARTICLE.
THANKS.
END TIMES “B” LIST PING
What does King Zero really know ______?
Congressman Predicts Seattle May Be Hit By Nuke
Seattle's liberal rag plays down the threat and says such an attack is impossible. They say North Korea does not have a missile capable of reaching the West Coast. Russia seems to think differently.
Perhaps Congressman Akin from Missouri has seen this video made in Russia predicting a nuke attack:
Ping to read second half after church.
BUMP!
Read later.
interesting perspective on the whole economic mess.
Richard Maybury has his own channel on You Tube with four parts of his speech What Obama Doesn’t Know.
http://www.youtube.com/user/RichardMaybury
ACTUAL TITLE
Richard Maybury Explains Mal-Investment, Crooked Regulations, The True Cost Of Economic Fairy Tales
TOPICS OF INTEREST
Austrian vs. Keynesian Economic
How to use Mal-investments as an economic indicator.
Great information in this entire article.
You will be happy you took the time.
...SNIP...
Daily Bell: What do you think is the biggest problem with this idea
that governments should be shepherds caring for their sheep?
Richard Maybury: The biggest by far is, shepherds don’t work for free,
and what starts as the shepherd raising the sheep for their wool,
usually ends with the shepherd raising them for their meat.
Daily Bell: How close do you think we are to that?
Richard Maybury: Look at the US economy. Millions now have lost their
jobs, their homes and huge portions of their savings. At the same
time, Washington is planning to use this mess as an excuse to raise
taxes on the rich. This is not an economic misfortune, it’s the
shepherd beginning to go after the meat as well as the wool.
Daily Bell: A chilling thought. But many would ask, what’s so bad
about raising taxes on the rich?
Richard Maybury: I would say to them, show me just one case in 2,500
years of economic history in which raising taxes on the people who
create the jobs has yielded more jobs. I’m sure you will find in every
case that forcibly taking money from the job creators has made things
worse.
Daily Bell: You’ve written often that political power corrupts the
morals and the judgment.
Richard Maybury: Again, look at 2,500 years of economic history. Try
to find a case where a government-managed economy didn’t lead to the
shepherd eating the sheep.
...SNIP...
Daily Bell: Before we finish, could you give us some investment tips
based on Austrian economics?
Richard Maybury: In the Track Record section of our web site we’ve
posted nine specific stocks recommended in the May 2009 Early Warning
Report. That newsletter was mailed May 4th, so you can use, for
instance, www.bigcharts.com to follow exactly what the nine are doing.
Aside from those, I have recommended gold, silver and platinum
unceasingly since before 9-11. In the June 2009 Early Warning Report,
there is a lengthy explanation why I think gold will go to $3,000,
silver to $50, and platinum to $3,000.
Daily Bell: You’ve also said oil will go to $300.
Richard Maybury: Yes, but bear in mind that I’m not necessarily saying
gold, silver, platinum and oil will rise that much, I’m saying the
dollar will fall that much. Prices will rise to compensate for the
drop in the value of the greenback.