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« Crisis? What Crisis? | Main | desperately seeking ... Mario Rizzo! A Man Ahead of His Time »

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Dave,

In the future it makes more sense to link to the permalink instead of the general blog. No one has to scroll down this way.

Here it is:

http://robertreich.blogspot.com/2008/12/how-jay-leno-is-contributing-to-our.html

For future reference on that type of blog, the permalink is the time on the post.

Regarding the actual RR post, it is typical reich dreck, with typically ignorant comments. Sigh. As near as I can tell from frustrated skimming, the only informed comment was the last one, namely the first Dec 12 post (only Dec 12 as of this moment, no it wasn't me).

I'm tmepted to also reply, but I suspect it is a waste of time. I'll visit the post again later though to see if anyone is criticizing the one correct post for being off the mark. Only then will I chime in to help.

Sigh, these people are why I fear a republic, not to mention an actual democracy, is ultimately doomed to fail. Every day it seems I move more and more away from my beloved minarchism towards anarchocapitalism, despite my fears that the latter is doomed to degenerate into gang warfare.

Perhaps the best overall system is small regions of anarchocapitalism being neighbors with other small regions of minarchism. Jurisdictional competition would seem to be necessary, or at the very least extremely helpful, in keeping bad guys in check.

Remember Hayek's chapter in The Road to Serfdom called "Planning and Democracy"? The auto bailout couldn't get through the Senate because they could not agree on a bill. So now the Treasury may use those TARP funds to bailout the great destroyers of capital for a few months more. The Congress, you will remember, passed a bill ceding great discretion to the executive branch to use $700 billion more or less as it saw fit in the name of the emergency. If the Congress can't agree then just give authority to a Bailout Czar. This is Hayek's point.

Seems to me that one had to be a "financial institution" -- broadly defined to include insurance companies (no doubt in deference to Rothbard's treatment in AGD) -- to qualify for the TARP scam. Is that not why Goldman and others bacame banks? GMAC is a financial institution, but GM is not, surely.

Seems to me that one had to be a "financial institution" -- broadly defined to include insurance companies (no doubt in deference to Rothbard's treatment in AGD) -- to qualify for the TARP scam. Is that not why Goldman and others bacame banks? GMAC is a financial institution, but GM is not, surely.

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