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Tag Archives: Goldman Sachs

How Government Handouts Erode the Economy

Getting the government to create regs in favor of one’s business, to the detriment of one’s competition, or both, is hugely destructive to the economy. Such cronyism may (and perhaps in the long run may not) benefit one firm, but overall society loses. Products tend to be more expensive and they tend not to be as good as they would be in a free market, or free price system. Once the regulators have been captured (and they nearly always are) we lose.

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‘Why are banks giving out bonuses to execs who leave to work for the government?’

We’ve discussed this before. Why are the behemoths of Wall Street paying bonuses to executives who do tours in Washington?

Could it be that the banks see it akin to serving in the National Guard or something, that these executives are helping their fellow man and so deserve a little something extra?

Yeah.

No. More likely they are paying these guys extra money because the banks know that having representatives at the very highest levels of government is very profitable and a good form of insurance.

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Hillary Clinton’s new (real) theme song for 2016 (This video is NOT a joke)

Well I think we can guess with this video where Hillary thinks she needs to do some work.

I mean the video speaks to me as a dude. See, Hilary’s down to earth. She’s not the conniving, social climbing, callous, self aggrandizing crony capitalist who gets paid $300,000 per speech who takes piles of money from Goldman Sachs and the rest of Wall Street that I thought she was. The below video shows me this.

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