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Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending

Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

Thursday, August 11, 2011

Thought for today.......

For nearly five years we’ve had massive and unprecedented run ups in government spending and debt in the United States and around the world. We’ve had vast expansion of government powers over banks, energy policy, financial markets, health care and other sectors. We’ve had staggering and unprecedented monetary policy interventions across Europe and in the United States. All of which have produced no growth and lousy job numbers, with the likelihood that the debts may not be repaid as a result. And the charge is laid that a small cadre of congenitally ineffectual free market libertarians is the cause of it all.
from here. So, according what we have heard from the economic and political left is that it is the Tea Party that is the problem with the US now. But as explained above, we have had huge run ups in:
1. Government spending
2. Government debt
3. New and increased regulations on energy, financial markets, banks and healthcare
4. Gigantic central bank interventions
And all of this has failed miserably to produce a stronger economy and YET, IT IS THE TEA PARTY THAT CAUSES THE PROBLEM? I honestly have not heard anything this stupid and arrogant in a long long time.


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