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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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    « What to make of David Brooks | Main | The President's job is not to turn economy around »
    Tuesday
    Apr172012

    Leave the oil market to market forces not regulators

    http://economywatch.msnbc.msn.com/_news/2012/04/17/11246689-obamas-oil-market-plan-more-politics-than-substance?lite

    The reason a Mixed Economy doesn't work is that the State grabs more and more power and control as time goes by, despite periodic attempts to beat the State back. Obama's announcement today that he will regulate speculation more tightly is not good news. This administration tries one political gimmick after another because they have no idea what else to do. I suppose to some potential voters this trick announced today will seem like a proactive attack on rich bastards who manipulate markets to the detriment of poor people, but how many people really fall for these tricks? Tell me not many.