Tag Archive | "risk takers"

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Milton Friedman counters Kennedy inaugural–and Obama’s

Milton Friedman counters Kennedy inaugural–and Obama’s

Before President Barack Obama gave his inaugural address, it had been reported that he was heavily studying John F. Kennedy’s speech at the inauguration in 1961. And no doubt Obama’s “call to service” will be compared to Kennedy’s inaugural that contained the famous lines: “Ask not what your country can do for you. Ask what you can do for your country.”

On the good side, Obama did hail “doers” and “risk takers” in his speech and talked about how they have improved our…

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Posted in Bailout Watch, Deregulate to Stimulate, Nanny State, Personal Liberty, Politics as Usual, Precaution & Risk, SanctimonyComments (4)

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Barack Obama’s ‘Digital Lines’ to Nowhere

Barack Obama’s ‘Digital Lines’ to Nowhere

So spoke President Barack Obama in his inaugural address today:

“We will build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together.”

When Obama said this, he was no doubt referring to his stated goal of having government build out broadband networks on taxpayers’ dime. The massive $825-billion stimulus package unveiled in Congress last week devotes $6 billion to build out broadband to areas where high-speed online connectivity is sparsely available.

Providing private goods like broadband…

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Posted in Deregulate to Stimulate, Features, Stimulus to Nowhere, Tech & Telecom, ZeitgeistComments (4)

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Bailout fails — Move on to Mark-to-Market Reform

Oh, Happy Day! And it certainly is for all those who value freedom, responsibility and the true free market in which individuals are free to profit from their risks on the condition that they don’t stick the rest of us with their losses.

It’s not hyperbole to say the Republican and Democratic backbenchers who defied both parties’ leadership to defeat this $700 billion package of Wall Street socialism literally saved America. Whatever their reasons, this defeat (or rather victory for freedom),…

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Posted in Bailout Watch, EconomyComments (14)

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