Lew received an email from a Wall Street trader yesterday, aghast at all that is happening, especially this short-selling ban, and noted that it is as if the state is reading Mises.org and doing exactly the opposite. Case in point is Murphy’s Short-Sale Restrictions Are an Exercise in Naked Power.
“Let’s see, Mises.org wants the state to have less naked power, but we want more naked power regardless of the consequences!”
{ 9 comments }
Crawl on CNBC just now: “S&P 500 have biggest one day increase in 79 years, since October 29, 1929…”
So everything is just fine. Go back to sleep, America.
LOL! ROFL!
Gosh… what happened in the months after that date? I don’t know. I’m a McBama and have no clue…
The state is, at this point, babbling nonsense. The ideas and opinions of its ideologues and supporters are worthless. It is in survival mode.
Blogging about the actions and what should have happened is irrelevant at this point. We, who frequent this website, know that the State’s actions are wrong and we know that they are in power grabbing mode. The real issue is, “what are we going to do about it”? What can we do about it? I am just hunkering down, keeping some FRNs on hand, a long with a little gold. Other than that, I am at a loss.
When 9/11 happened, I realized it was a great tragedy but I didn’t think it would have much effect on me personally. Nevertheless, it lead to a long period of unemployment that surprised me.
What is happening right now is even more momentous than 9/11 (probably more significant than events in 1929). I’d like to think it won’t directly affect me, but unlike many people, I learn from experience and I have already cut my expenses and liquidated much of my debt.
It is fun to read Mises.org, but even funner to see events unfold when you used your brain to prepare and feel much more confident about the future as a result.
Thank you Mises.org!
It’s not the events of 1929 that bother me.
It’s the events of 1933 that have me worried.
Curt
This time around it will be corporate welfare programs.
Todd,
Go to www. tickerforum.org
Karl Denninger, the owner of the site has been on the forefront of getting people off their *sses to raise hell with our elected “leaders”.
If enough people get involved, something can be done.
The difference is like night and day.
It is exactly like the difference between empiricism and subjectivism!
ya know, we were talkin about much of this in ’006.
I really hope that we were paying attention then.
to Curt’s point about ’33, that’s what should worry us.
I’m sure most of us have read Hayek’s gift “The Road to Serfdom”, as well, are familiar with Rep. Paul’s message.
If we fail to heed their clarion, we’ll make the same mistake many others have made, and are making.
To waste such knowledge, through inaction, is worse than Ignorance.
To paraphrase RP “Liberty will never have the opportunity to nourish, if we don’t carry the pail.”
Hope all y’all, and yours, are doing well, we’re fixin’ for some high winds and heavy seas.
Comments on this entry are closed.