Money makes people do strange things, especially in Washington.
Technically Hong Kong is now part of communist China, yet today it is perhaps the freest and one of the wealthiest places on Earth. One man, Sir John James Cowperthwaite, had everything to do with this.
Crony capitalism stinks all the away around but when young innovative companies engage in it it’s especially frustrating. Elon Musk, Mr. SpaceX and Mr. Tesla, has long benefited from the goodwill of the American (or in this case Texas) taxpayers.
Why is no one in the mainstream media covering this? Could it be that pharma doesn’t want it covered? Possible.
See, with Uber you don’t need a designated driver and you don’t have to wait forever for a taxi. But vested interests in cities all over are doing their best to make life as difficult as possible for the innovative company. And you.
As Techdirt says, this one comes from the karma department.
Money isn’t wealth. It measures wealth the way a ruler measures length, a clock measures time and a scale measures weight.
Boy is this true, but so many people, including the supposed shamans at the Fed fail to grasp (or choose oddly to ignore) this basic concept. Dumping “money” into the economic system isn’t going to make the economy grow, it will only make the money currently in the system worth less.
It’s not quite that simple. But it’s nearly that simple.
We often write about people who get into government and then live “rich” thanks to taxpayer money. It happens all the time in a myriad of forms. Meals, travel, conferences, hotels, you name it. Our officials like to live well and this is abuse enough of the taxpayer.