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I’ve heard a great deal of talk about this in the wake of this ‘crisis,’ and it troubles me. I commented on the linked article, my thoughts also available here. One of the basic tenents of philosophy is that while one cannot prove the existence of others, the act of proof is sufficient evidence to assume one’s [...] http://www.cnn.com/2008/POLITICS/09/29/miron.bailout/index.html?iref=mpstoryview I have been sent this link by 2 friends that do not know each other, but know me very well. Jeffrey Miron makes some amazing points. The implicit backing of the federal government for Freddie and Fannie encouraged them to take on far more risk than a free market would have allowed. Bloomberg is reporting that 2 companies, Diamond Hill Investment Group and JMP Group Inc. have opted to let their shares be short sold. I know very little about these companies, but I do know that what they’ve done takes guts and is the truly moral thing for any company in their position to do. This was posted 2 years ago, and I just now found it. I have now seen it 3 times, examining it closely for any idea that I even in part disagree with. The only point I have found is a minor one that can wait until you’ve seen the clip. Back to that point, When the author [...] Freedom is about authority. Freedom is about the willingness of every single human being to cede to lawful authority a great deal of discretion about what you do and how you do it.-Rudy Giuliani Compare that to: Freedom is not worth having if it [...] |
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