What the other Peter, Peter Schiff says, is as usual clear as a bell. Of course, what he doesn't understand, or understands but doesn't want to say, is that the deliberate destruction of our more capitalist than socialist economy and the replacement of it by a totally socialist economy presided over by a government which is massive and enslaving - not paying off but merely paying the debt service on the recent TARPs and Porkulus Bill must result in the taking of 60 - 70% of taxpayers' income - is DELIBERATE.

I don't pretend to be able to follow what FvB is saying in his post. But let's say he is correct and some of the superrich are not only not being penalized for their actions but are actually being rewarded and having more money thrown at them by the government. It is as nothing...well, not as nothing but minor relative to the thievery in the so called Stimulus Bill and the Stimulus Bills to come. And more important, the freedom of bankers to act as they think best INDEPENDENTLY of government is going going and will soon be gone. True of the rest of the private sector as well in the near future. That's the real horror that is playing out before our eyes. Fat cats getting away with robbery? Bad. Enslavement by the state? Incomparably worse.

Posted by: ricpic on February 23, 2009 2:21 PM

Cycled to newsagent. Bought one loaf, one flies' cemetry. Exchanged pleasantry. Cycled home.

Do people really read such stuff?

Posted by: dearieme on February 23, 2009 6:00 PM

Thanks for the lectures. I watched the first four of these - recommended:
http://academicearth.org/courses/introduction-to-ancient-greek-history

Posted by: Eric J. Johnson on February 23, 2009 7:12 PM

Found another interview with Dambisa Moyo here: http://www.ft.com/cms/s/2/4121b1fa-ee5a-11dd-b791-0000779fd2ac.html

Same ideas, though aimed at slightly different readers, plus a description of an expensive lunch.

Posted by: Martin Regnen on February 24, 2009 10:15 AM

Rhetoric and impaled bankers: a revolutionary new trolley-car paradigm, together with an introduction to problematology. 600 words.

Posted by: John Emerson on February 26, 2009 9:45 AM






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