In the wake of the housing crash, wide swathes of the desert Southwest, Florida, Atlanta, parts of California, and other places were littered with relatively new homes which were empty. The pre-seeded lawn turf often hadn’t even taken root before the foreclosures began.
Each vacant home represented a personal economic disaster for someone. Families moved in with grandparents. Pets were left in shelters which were filled far beyond capacity. It was only a couple of years ago. For many the memory is still very fresh.
But at about the same time parts of Tuscon started to be reclaimed by tumbleweeds a few hedge funds (and banks) figured that there was yield to be made from renting the homes which were now unused back to the people who could no longer afford to own them. If the homes could be pooled along with the rents, perhaps the investments could even be sold as derivatives.
Market solution right?
The yin to the Koch’s yang, Soros seems to have a hand in nearly everything “progressive.” From Media Matters, to The Center for American Progress, to support for Bill DeBlasio, to Obama’s Organizing for Action, to literally dozens of other political non-profits and advocacy groups, the man likes to spend his money on things which grow the state.
Professor Reynolds points to the pushback from American citizens to the license plate tracking system bid from DHS, the scrapping (for now) of FCC monitoring of reporters (I can’t believe that I just wrote that), and the resistance of Connecticut residents to heavy handed gun control laws, as evidence of a growing and widespread resistance to government encroachment into people’s lives. I pray that he is right.
As we have said before we believe that the libertarian movement is the most important movement in American politics right now, perhaps for more than a generation. It is also arguably the most important movement in world politics.
This cannot be allowed to happen.
Attached is an extremely well done article which lays out why it is that today’s political establishment, especially the “progressives” are so afraid of libertarianism.
Indeed. The GOP has long been a big government, crony capitalist party. Just because the Republicans seem to have shifted a bit toward liberty in their rhetoric doesn’t mean that if the party were to gain power it would embrace ideas based in liberty. This would necessarily mean giving up power to the people and politicians are very jealous when it comes to power.
Is the president really this ignorant of business and economics?
It is interesting to hear (some) people praise Mr. Bernanke for having “saved” the United States and the world from Great Depression II. This praise is misplaced to say the least.
Oh Ben, Ben, Ben. We’re gonna miss you. Not really, but it did seem like yesterday that you swept in in the wake of “The Maestro” (no one calls him this anymore) Greenspan. So much water under the bridge. So many dollars printed out of thin air.