Wednesday, October 01, 2008

Economic crisis site

America's historic economic crisis is no less a crisis for us. A new web-page offers some answers on cause, effect and prevention:

What was the cause? What is the cure? How do we prevent it from happening again?

While pundits and politicians blame the current housing and financial crisis on "greedy" businessmen and lax regulators, and are frantically urging the government to expand its control over our economic lives, the Ayn Rand Center for Individual Rights has launched a new Web page to defend a different view—that the actual cause of the crisis is government intervention, and the only cure, laissez-faire capitalism.

We invite you to check out our collection of essays, op-eds, lectures, and interviews arguing for a rational approach to this crisis—an approach you will not find anywhere else.

Visit and have your myths exploded. As the Ayn Rand quote at the top of the page says, "

"One of the methods used by statists to destroy capitalism consists in establishing controls that tie a given industry hand and foot, making it unable to solve its problems, then declaring that freedom has failed and stronger controls are necessary."

And they're doing it again. Make sure you're armed with the necessary intellectual ammunition to counter the latest statist ruse.

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3 Comments:

Blogger james said...

The increased concentration among banks seems to have the effect of making financial crisis less likely, but when they happen they are more global in scale and hit us very hard. We have moved from a diversified ecology of small banks, with varied lending policies, to a more homogeneous framework of firms that all resemble one another.The same people who never saw this crisis coming certainly can not be trusted to tell us when it will subside. Our political and financial “leaders” have absolutely no credibility left at this point. No one in government or in the financial community can be trusted to tell the truth at this point, and our financial system needs trust to function.
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james wilkins

social marketing

10/01/2008 01:19:00 pm  
Blogger Berend de Boer said...

Maybe email this link to the NZ Herald as well. The usual idiots are asking for more socialism. No dissenters.

As I said on kiwiblog, thank God for main street, at least some sanity left.

BTW, anyone have pointers to the banking crisis in Europe? They are somewhat related, but not enough to have the same cause. Why does the Euro fall? I didn't get that one either. It must indicate that the situation there is worse than published, but unlike the USA you just can't get good analysis on the EU. At least I haven't seen it. So if you can help out, please.

10/01/2008 01:24:00 pm  
Anonymous LGM said...

Berend

The Krauts are bailing out their banks this morning. The Irish did it last week. The Icelanders are in the same trouble. Bail, bail, bail. All these mobs suffer the same trouble as the US. They have fiat money which is unbacked, except by hope and faith (in govt). They have been inflating the money suppy for years now. They steal wealth from the population. They allow fractional reserve frauds.

LGM

10/06/2008 11:05:00 am  

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