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    This site is about libertarian ideas, politics, economics, government, freedom, property rights, entrepreneurship, innovation, objectivty and other such stuff important to humans. I uphold libertarian principles and believe wholeheartedly in minimal government, or no government if it would work -- this blog explains why.

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    « The Big Bang | Main | Fighting statism with statism? »
    Friday
    Aug202010

    They speak openly about it

    http://politics.blogs.foxnews.com/2010/08/20/biden-gop-more-past-steroids

    Despite denials from government apologists, those in government, even at the level of Vice President, openly admit that the economy is centrally planned by government, even what happens on Wall Street and in "private" banks:

    The vice president also said that the last administration was pretty much running a "Ponzi" scheme, "We inherited economic policy and plan for prosperity that lay in creative financial instruments, credit default swaps, collateralized obligations, sub-prime mortgages, basically the last administration had a Ponzi scheme masquerading as a vision in terms of our future."

    Read more: http://politics.blogs.foxnews.com/2010/08/20/biden-gop-more-past-steroids#ixzz0xCoyTn00
    But don't worry, the new administration has a better central plan -- it should begin working in about two years, they say. And people get all huffy when you use the word socialism. It's a crazy world.

     

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