Category Archives: government

Capitalism is Magic

I like money, mostly because it buys ice cream and pills. But I just figured something out. The US government is trying to buy all of the bad debt in the universe in order to save us from annihilation, because they love us so much. What that translates to is that beginning next month, everyone […]

Regulate This

Why regulation is stoopid. It’s tempting to believe that government regulation of the Internet would be more consumer-friendly; history and economics suggest otherwise. The reason is simple: a regulated industry has a far larger stake in regulatory decisions than any other group in society. As a result, regulated companies spend lavishly on lobbyists and lawyers […]

Life Imitates Satire

Via the libertarian aware Onion: WASHINGTON—A panel of top business leaders testified before Congress about the worsening recession Monday, demanding the government provide Americans with a new irresponsible and largely illusory economic bubble in which to invest. … The current economic woes, brought on by the collapse of the so-called “housing bubble,” are considered the […]

End of the World Insurance

End of the world hedge funds? Cool. Apocalypse investing… Armageddon insurance…a whole new way to look at diversifying your portfolio. I was thinking about gold but this is much more interesting. I became intrigued by an oddity that I came to think of as the end-of-the-world trade. The trade is the purchase of insurance against […]

Subprimitive

While I want to believe in such simple truths as the government always gets it wrong, plain old statistics wouldn’t support me. Even the government could theoretically get something right…by chance. The latest libertarian leaning criticism of government is blaming the government for the subprime crisis, particularly, the Community Reinvestment Act of 1977. Sounds reasonable […]