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Tag Archives: cronyism

(Very “liberal”) John Oliver asks “Why is Ayn Rand still a thing?” (Video)

Look, this comes from John Oliver who has no love for libertarians or objectivists. (At least as far as I can tell.) Saying that I am still a fan and every once in a while when his statism doesn’t get in the way he shines a bright light on a subject in a humorous way. His breakdown of foreign military aid to Egypt was fantastic for instance.

His effort here is less fantastic. It’s basically a semi-funny hit piece on Ayn Rand. However, it is informative (if obviously biased) and I think our readers will enjoy it, both those who are pro-Rand and those who don’t like her.

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Undercover tape emerges. Surprise! The Fed and Goldman Sachs work hand in glove.

One of the problems with the attached article is that it implies that the reason Goldman pulled the things it did and does is because the Federal Reserve, the regulator, wasn’t and isn’t strong enough to curtail Goldman’s power.

The Fed is plenty strong. Far too strong in fact. What the author doesn’t appear to get is that in this instance we don’t have a case of “regulatory capture” per se. The Fed doesn’t cow tow to Goldman Sachs. The Fed and Goldman, and JP Morgan etc., are partners and always have been.

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Putin wants to wall off the Internet

It’s good to remember that this guy is a big big government autocrat and a veteran of the KGB. The entire country is a cleptocacy and compliance to the Putin Plan is requisite for pretty much everyone.

The Great Internet Wall of China has proven moderately effective at best. Millions of people break through it daily. Russia, home of many highly talented hackers would probably have the same problem.

Isn’t it interesting how the powers that be, whether in Moscow, Beijing, London, or Washington are so concerned about the flow of information? Information itself is a threat. The truth is a threat.

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David Stockman says we’re headed for a dramatic crash “but especially in tech.” (Video)

The interviewer rightly points out that Stockman has been calling for a crash for a long time. In March he announced to the world that a crash was imminent and that he was entirely in cash. The market has been up dramatically since that call.

But fundamentally Stockman is right. All the money created by the world’s central banks is floating around out there in financeland (it might not have found its way into YOUR pockets but many Wall Street pockets are full) and that money is tinder just waiting to catch fire.

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46 percent of doctors give Obamacare a ‘D’ or ‘F’

Not surprising. I know a number of people in the medical field, mostly on the logistics side who are up in arms over Obamacare. Nobody knows what all the coding is. The codes coming in are all wrong. There are too many codes. Doctors aren’t being compensated correctly. Patients are confused as to who is paying for what. And I live where people are relatively savvy as to healthcare issues. I’m just down the road from a large medical school. I can only imagine what it’s like in other parts of the country.

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