Our policy in Afghanistan is as if the Czechs had fought and won, and then Chamberlain sold them to Hitler. We are snatching defeat from the jaws of victory.
Month: September 2009
Audit the Federal Reserve
No member of congress wants to be seen to oppose the audit – but such an audit is extremely unlikely, for no member of congress, with the possible exception of Ron Paul, wants the public to know what the Fed has been up to – still less do they want America’s creditors to know what the Fed has been up to.
Obama’s public private partnership
government support for developers meant that developers had an incentive to be active in politics, and be good at political activism, but no incentive to be active in preventing the roof from leaking, or the roof from falling in.
Losing in Afghanistan
The winner in a guerrilla war is the side that most brutally terrorizes the population. Our troops lack the stomach for what it takes to win a guerrilla war, so more troops will not help.
American debt
Thus the excess “private” debt is not private. The normal level of public and “private†debt is about twice GDP, say twenty six trillion, so we are about thirty trillion or so in the hole and getting deeper fast – well past the danger level of twice GDP.
US turning french
It is getting steadily harder and harder for someone to find a new job – and having found a new job, harder and harder to afford a house – presumably because of the very great and rapidly increasing regulatory burden on building houses and hiring people. This renders employees powerless before their employers, which tends to result in class war and social violence as in France, and tends to result …