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Boehner to Obama: Fire All Economic Advisers
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Boehner to Obama: Fire All Economic Advisers

Clearly, President Obama’s economic advisers’ policies have failed to produce any signs of economic recovery. A new report shows that 48 out of 50 states have lost jobs since the “stimulus” was enacted in February 2009. According to the report, government employment in Washington DC has increased while private sector jobs have stagnated across the country.

08/24/2010
Geithner calls for creation of government protection racket
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Geithner calls for creation of government protection racket

In one of the most brazen, unconstitutional power grabs in American history, Secretary of the Treasury Tim Geithner went before Congress on Tuesday to ask for broad powers to seize non-bank financial firms (such as AIG), power which he could exercise “in consultation” with the Federal Reserve and the President (for whom the Treasury Secretary works.)

03/25/2009
Our very own Wesley Mouch
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Our very own Wesley Mouch

In Atlas Shrugged, one of the main villains is Wesley Mouch, who is described in the Wikipedia entry on the book’s characters as “Initially Wesley Mouch is the least powerful and least significant of the Looters - the other members of this group feel they can look down upon him with impunity. Eventually he becomes the most powerful Looter, and the country’s economic dictator, thereby illustrating Rand’s belief that a government-run economy places too much power in the hands of incompetent bureaucrats who would never have positions of similar influence in a private sector business.”

03/19/2009
Geithner Should Read Mises
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Geithner Should Read Mises

In his speech on the new bailout strategy yesterday, Treasury Secretary Geithner stressed the complexity of the current situation in our financial markets.  Later in his testimony before the Senate, he said he hadn’t heard any good ideas yet on how to value assets without market prices, which is a critical part of his plan to purchase bad assets from banks.  He’s right about how complex the market in securities is – or any large market in any good for that matter, but he fails to take the next logical step to conclude that price calculation without a market is impossible.

02/11/2009