Showing posts with label Financial crisis of 2008. Show all posts
Showing posts with label Financial crisis of 2008. Show all posts

Wednesday, October 22, 2008

Does Anyone Share This Puzzlement?

I keep hearing about the catastrophe that would have happened had we not done all the things that we have done to stop the catastrophe from happening.  Has anybody out there heard anyone describe the might-have-been catastrophe that is worse than the one we have?

Reminds me of the joke about the guy who was throwing watermelon seeds out the window of the bus.  His seatmate asked him, "why?"  "To keep away the elephants," the man answered.  "But there aren't any elephants any where near here," answered the seatmate.   "See how well they work?" said the man.

Just so well have all the things government has done, is doing and will ever do actually worked.

Friday, September 26, 2008

The War Over Capitalism's Carcass

Capitalism has been dying a slow and painful death for as long as I have been aware of the issue. Today, the Democrats have declared their intention to control the remains and bury them in a pauper's grave.  So giddy are they that they don't even listen to the contradictions in their funeral oration.  Senators Harry Reid (NV) and Chris Dodd (CT) have just finished explaining the compromises that must be made in order to get the proposed "fix" delivered in time for the scheduled funeral in November.   One thing is quite clear: The Democrats will control the disbursement of the remains while crediting the Republicans with the kill.  Both of these declarations are evident in Reid's insistence that the Republicans compromise while the Democrats be given carte blanch to have their way with the old bird.  Reid insists that the appearance of the two presidential candidates was a grievous example of politics photo-opting that interfered with and made a circus of the proceedings. In the next sentence he blames the entire mess on Republicans.  This, of course, is not politics but the truth.

    Give me a break.


AF

Welcome

This blog is dedicated to the occcasional jotting down of my more extended essays. My profile will tell you that my areas of formal training are piano performance and philosophy. I have, therefore, the advantage of being an educated layman in economics history, painting, sales, business.

Here is the premise on which my blog is based: A is A. Many consider this an empty, meaningless statement because it is self-evident. But I regard it as powerful for that very reason. It is self-evident that a thing is what it is. In the context of this blog, another way to put it is this: wishing, praying, and government micro- and macro-managemennt will not make it other than it is.


Enjoy