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Old 07-04-2009   #198 (permalink)
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Re: Economics business.The Sub-prime Crisis. How bad is it?

Quote:
Originally Posted by Michaelangelica View Post
I would be interestedin hearing aYank repose to this article
Thomas DiLorenzo
for The Daily Reckoning Australia
Never-Ending Government Lies About Markets

Thomas DiLorenzo
Thomas DiLorenzo is a professor of economics at Loyola College in Maryland, a senior faculty member of the Ludwig von Mises Institute, ...
Thomas DiLorenzo
I have to confess I couldn't get past DiLorenzo's first line:

Quote:
The purpose of government is for those who run it to plunder those who do not.
That's an interesting interpretation of the social contract. It's not just a little overreaching, it kind of reaches back to the origins of all civilization and says they are all corrupt, every single one of them, and the fact that he is able to put anything in print is just a sign of how we've given up our individuality.

No, it's more than that. He's saying that the fact he exists is a denial of his premise and that he as the author of that line is therefore an idiot.

I've seen him on CSPAN. He makes a little more sense than that, although that's not difficult to imagine, but he doesn't make enough sense to be taken seriously.

But who cares? Anybody who has that as his thesis is still an idiot. The rest doesn't matter. If you are in a bookstore, pick up a book, and read that as a first line, you should put down the book and find somewhere to wash your hands.

--lemit


----------------


The only second chance we get in life is a chance to make the same mistake twice. --David Mamet

A mind is a terrible thing to close.

Entropy is just nature's way of telling us it's time to slow down.
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