tag:blogger.com,1999:blog-8353680062320179256.post3170060086054204374..comments2023-12-29T17:12:14.653-08:00Comments on Shaving Leviathan: Federal Reserve Officially InsaneJeffrey Perrenhttp://www.blogger.com/profile/11841019772535869442noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8353680062320179256.post-16133787478067458532008-12-17T11:55:00.000-08:002008-12-17T11:55:00.000-08:00We are long past the point where a true statesman,...We are long past the point where a true statesman, of which there are precisely zero serving in any elected office today, could stand up and wax eloquently about the absurdity of our government’s reaction to a problem they are largely responsible for creating. They break our legs with their incredibly stupid policies and while we lay in pain they charge in on white horses to set and cast our broken appendage acting righteously justified the whole time while being totally oblivious to the fact that our leg wouldn’t need the attention had they left well enough alone. The irony that they are using our money to both break and fix our leg doesn’t even occur to them.<BR/><BR/>The country is just plain ill informed, ignorant or fully engaged in cognitive dissonance if they think that the primary cause of our current economic woes is the "Free Market" form of capitalism. We haven't had a true free market in this country for decades.<BR/><BR/>When the government can force banks to make unsavory loans, the free market is being subverted.<BR/><BR/>When the government takes the position that health care, education and housing are "Rights" and not earned privileges, the free market not to mention the constitution is being subverted.<BR/><BR/>When the government steps in and federalizes many of our banks, attempts to federalize our auto companies and disgustingly socializes all business risk while simultaneously privatizing the returns, the constitution and the free market are not only being subverted, they are being shat upon.<BR/><BR/>It’s sad how many people think the government should solve all the problems they helped to cause when their track record is so abysmal. Bad business decisions should hurt! Consequences should be paid. Room should be made for a competitor that can do a better job. That is what Free Markets do. Free Markets reward those who provide something that has perceived value at a profit and punishes those who do not. Bailing these companies out is rewarding the bad behavior and punishing those who are doing a good job. Why should Toyota have to not only earn my business by producing a product with higher perceived value but also have to overcome a massive tax payer subsidy to their competitors? Who is being punished here? Not the car companies who made bad decisions but rather those that made good decisions, the consumer and the tax payer!-bjphttps://www.blogger.com/profile/10434645198143074243noreply@blogger.com