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Random thoughts and interesting tidbits. . .
. . .focused on current economical and political events.
"But rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add 'within the limits of the law,' because law is often but the tyrant's will, and always so when it violates the right of an individual."
Thomas Jefferson
The Colonies
Oft Visited Websites
Blog Archive
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2008
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September
(29)
- National Posts Talks Austrian Economics
- Gotta love Dennis Kucinich...
- Ron Paul's Interview with Glenn Beck
- Who knew Republicans could do something right?
- Gold and Silver Coins
- This guy is smart....
- A Nation Of Debtors
- Frederic Bastiat
- The Road To Serfdom
- Wonderful Central Banks
- What A Shock
- Peter Schiff Tell Us How It Is
- The Credit Card of the 2nd Great Depression
- Canada's Own Housing Crisis
- Here's something that could make you a little nerv...
- Christmas gone?
- Fascism
- Ron Paul On Neil Cavuto
- Lew Rockwell on the current financial crisis
- "The 'poetry of the possible' is that things are o...
- The Law
- An Interesting Perspective on US Foreign Policy
- On Goverment Service and Ending Poverty
- The Missing Ingredient in Modern Main Stream Ameri...
- An Interesting Comic
- WHO SAID IT?
- A Beautiful Song: Universal Soldier
- Pics @ home around the wedding.
- Pics in Woodstock during the Wedding
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September
(29)
23 comments:
Why is that guy smart?
Sure would like to know, because he seems boneheaded.
Boneheaded? Wow. Is your name Sheldon?
It's a good word.
Why is he smart?
I think your header is becoming less and less relevant to your site.
And the name "Furlong Colony 2"... Maybe it's time for a makeover..
#1 cause of the housing bubble bursting:
http://www.wsws.org/articles/2005/nov2005/gm-n23.shtml
30,000 hourly jobs lost. You do the math.
Pay cuts and layoffs:
http://www.iht.com/articles/2008/07/03/business/03air.php
You have your head up your ass Josh if you think "the FED" deserves even a minority of the blame..
http://www.aflcio.org/aboutus/thisistheaflcio/publications/magazine/0903_amjobs.cfm
http://www.wsws.org/articles/2008/aug2008/econ-a21.shtml
Of course the Fed deserves blame. They set the price of borrowing money, and they priced it far too low for far too long. The Fed is the starting point for the whole financial system.
And...to your other points...there's just really nothing else significant happening right now to write about. Between getting school work done and working, I just try to find time to post info I agree or disagree with in regards to this disaster.
If you don't like my blog, stop reading it.
I'm not reading it. I'm irritating it.
Sorry, the massive job losses are the primary reason for the failures. It's simple economics. And, no, the entire financial system does not "start with the FED". It starts with production.
59% were private companies, Josh. Millions are losing their jobs.
Why are they losing their jobs?
...production is the starting point of the economy...the monetary system is based around the FED...
Corporations looking for slave labor abroad.
Monetary, okay, but even that didn't start with the FED. Monetary is a reflection of the economy, not the other way around.
So, a business to be blamed for lost jobs because they are looking for cheaper labour?
If they are looking for cheaper labor in foreign lands where they can pay slave wages, yup. If the wages they want to pay here at home are slave wages, yup.
But the businesses we have at home have to compete with the businesses in foreign lands that have the advantage of paying labour smaller wages. Doesn't it make sense that either our businesses need to move to compete, or our labour needs to become cheaper to compete? How else would we compete?
You are assuming that I agree with you that competition is a virtue. Moreover, you seem to think competition is justified even if it results in wage slaves.
I believe anything other than open trade and free markets would infringe on an individual's right to property.
And I think that the right to property, when it entails the labor of other people, inevitably leads to slave wages if not controlled.
how is the right to property connected to labour?
They hire other people, of course. They use the labor of other people to generate profits.
"they"? who is "they"? the property owners? I own things and I don't hire people. The right to own property has no direct relation to labour.
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