Oh cash, you are dying quickly. The machine wants you dead, and when the machine wants you dead, sooner or later you’re gonna be dead.
Many people see the federal government as not reflecting their views at all. Some see the unending expansion of the state into every nook and cranny of life, and the gaming of the government by powerful corporate and political interests, as a real threat. Indeed that our massive government is encroaching on the things many Americans hold particularly dear, independence, for some – faith, economic liberty, liberty generally, privacy, and so on.
Ned Beatty isn’t totally right here but there’s a good bit of truth in what he says. Regardless below is one of the greatest scenes in all of cinema and everyone should see it.
Can you believe I used to do speeches for free?!
You have got to hand it to the Clintons. The pair know how to make it rain. What a luxury to make a $20 million mistake.
I am going to bet that Bernie will not be going on the campaign trail with this guy.
Love that “Dumbo” is on the back. Not a Federal Reserve note (last time I checked), but basically the same.
Hey, here’s a shock. Robert Rubin loves the Fed! I can’t believe it. It’s not like Robert Rubin has profited handsomely (to put it very mildly) under the central banker planned economy.
Here’s what’s frustrating for many of us in the Fed critic world. So few people really want (to try) to understand money. Money can be a scary thing.
I hope you enjoy it. My part starts about 6 minutes in. It was a pleasure to join the Atlas Society in New Hampshire and to deliver this address.
Thanks for the tax dollars suckers!
GE is one of the great American crony companies. Jeff Immelt, once head of Obama’s “jobs council” and current CEO of General Electric, has played the crony game extremely well. First in securing emergency financing courtesy of the American taxpayers because it screwed up royally. And then he was able to exploit various Obama era boondoggles which funneled money GE’s way on an ongoing basis. (Think wind turbines etc.)
Now Mr. Immelt is stamping his feet because it looks like GE may permanently lose the the sweetheart deals it has at the taxpayer underwritten Export Bank.
Yesterday we asked whether the EPA (or some other regulatory agency) would have gone after GM like the EPA is going after VW, had GM done what VW is alleged to have done. We argued that it likely wouldn’t have. In the back of our minds was the recent GM ignition switch scandal which the US government didn’t seem very concerned about. Well, actually the government was concerned, but not for the public. The Obama administration didn’t want to make a big stink because GM,
Another good one from David Stockman – and now he has a beard! What’s up with all the Wall Street guys wearing beards these days?
Now I know I am getting older. There is quite a lot to be said for having an advisor who at least knows what rising interest rates feel like.
Robert Shiller, not always our favorite economist here, is warning that the stock market is looking particularly bubbly. This isn’t a huge story except that talk of a bubble is now coming from one of the accepted shamans of Keynesianism. Shiller also called the tech bubble and housing bubbles accurately. His book Irrational Exuberance is a classic.