Interventionism

New House Speaker Nancy Pelosi has put the 2002 Sarbanes-Oxley (SOX) regulatory monster at the top of her list of things to tackle in January 2007.

Here's the positive. Milton was a beacon of light on issues such as the minimum wage law, free trade, and rent control.

Perhaps most importantly, the very source of the crises would remain in place: the concept of "price index targeting," which rests on the erroneous "stabilization" idea, a concept that is in full contradiction to the notion of free markets: "Human action originates change. As far as there is human action there is no stability, but ceaseless alteration."

No government, no matter how tyrannical, maintains its power by force of arms alone. The ruled always greatly outnumber the rulers, and so government depends essentially on the acquiescence of the populace, an acquiescence it attempts to promote through patronage and propaganda.

Meanwhile, the taxpayers have no choice but to contribute toward these eternal reforms.

From the

Thank goodness we have equal opportunity government that distributes its concern among all living creatures.

Contrary to popular way of thinking, the threat to US economy is not the high level of debt as such but credit that is not backed up by real savings. Also, the fall in the money stock that precedes price deflation and an economic slump is actually triggered by the previous loose monetary policies of the central bank and not the liquidation of debt.

From the 2006 Supporters Summit: Imperialism: Enemy of Freedom, 27-28 October 2006, Auburn, Alabama.

There is nothing inherently slimy about trading real estate, and certainly nothing warranting the state’s regulation of this market.