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Comments
For the Record: Ron Paul 101
12/02/11, 13:28


You don't see $706 trillion dollars of OTC derivatives floating around as maybe not such a good thing? Do you really think that the current recession is just your average market cycle bust (I'm not sure what kind of answer I expect to get out of you)?

http://www.bis.org/publ/otc_hy1111.pdf

There are giant banks that are still so over-leveraged that if they get hit with a 3% loss they will collapse.

http://finance.fortune.cnn.com/2011/06/20/europes-sickly-banks/

No, it isn't "doomsday," but it might be a decade of Depression, great undulations of angry mobs making great changes to policy that you might not really like. There is a possibility for class war, and culture war, if things ever get as bad as they did in 1930. That's about as close to doomsday as you can get short of starting WWIII, which might actually happen if we attack Iran, at least according to a recent confession by a Chinese general.

The job news was pretty nice today. Small business added a whole lot of jobs, but I don't think the fundamental issues of our financial sector's sickness can be helped by small business. It's a country of cartels and that's who's going to bring us down.
Area Man Installs Confederate Flag
12/02/11, 13:13

I wonder if the meaning of this flag is totally decontextualized in London, Ontario, or if they just identify with their racist/pointlessly proud brethren in the South.
Michelle Obama Does The Dougie
12/02/11, 02:00

Looks uppity to me. Anyway I hate this show. The Turkish dude is never funny and whiny. I hate pundits. The end.
Cold Harvest
12/02/11, 01:42

My favorite things about this movie are her two acting styles:

1. What did you say?
2. Did somebody just fart on my face?

Baldurs Gate 2 redux: Dream sequence part 1
12/01/11, 19:14

Is that Malcolm MacDowell's voice?
I know he's been in some shitty ventures, but can't that guy be a little more selective?
ANKLEPANTS [speak you little facehead]
12/01/11, 19:05


I swear I've seen it somewhere, but can't remember and can't really find it.

Here's a really shitty budget option: http://www.amazon.com/Dick-Balls-Latex-Penis-Mask/dp/B00163DC32
It's a Liberty Walk
12/01/11, 15:58

A right to assemble is a right to assemble. Do your job and defend the Constitution.
It's a Liberty Walk
12/01/11, 15:46

http://www.facebook.com/pages/Occupy-Coast-Guard/170483863039809
The King of the Demo stops a charging water buffalo
12/01/11, 14:59

I fucking hate these people. I just think they're disgusting people. I'm not against hunting, I just hate these people.
Cold Harvest
12/01/11, 03:43

aww shit activated CHAOS REIGNS by accident. 305 apocalypse points.
Kentucky Baptist Church votes to ban interracial couple
12/01/11, 03:10

Baptists are a pretty diverse group in American Christian terms.
It's a Liberty Walk
12/01/11, 01:25

Hooker, do you really still believe that Cena is me? Like, after years, really? I hope so. Yes.
It's a Liberty Walk
11/30/11, 21:03


Harriet, I can answer that question from an informed libertarian/Ron Paul perspective far better than Marcus can. He is incapable of defending his ideas from any kind of educated or researched vantage point, resorting to AM radio burbling whenever he's made to look stupid, and he's proven to be something of a slow creature, so I'll do him a solid and answer it for him.

Lots of pseudo-libertarian Republicans believe that if the government was not around, there would be no monopolies, and no too-big-to-fail banks. This coincided with von Mises and the Austrian school's understanding of capitalism and cartels:

"The monopoly problem mankind has to face today is not an outgrowth of the operation of the market economy. It is a product of purposive action on the part of governments. It is not one of the evils inherent in capitalism as the demagogues trumpet."

and

"Most cartels and trusts would never have been set up had not the governments created the necessary conditions by protectionist measures."

What they would argue is that everything should be allowed to fail, and the natural laws of market forces will fix things. There is a lot of merit to the ideas of von Mises when you address the fact that, yes, the central banks and the government bailouts are propping up failed monopolies and allowing them to grow stronger. There is also something to be said in favor of the Ron Paul perspective, that if these megacartels were allowed to fail in 2004, all that money used to bail them out could have been used to fund a navy of newly independent entrepreneurial yachts instead of patching a few sinking aircraft carriers.

So much has come to surface to prove this shit wrong, it really boils down to the Austrian crowd saying "Well, you can't know that this is wrong since there's never been real capitalism before because of government interference."

This perspective is about as unassailable as proving that God exists. What we do know is what is working now, what is working in other countries. Take for example, the success of small business and independent entrepreneurs in other countries:

http://www.cepr.net/documents/publications/small-business-2009-08.pdf

Removing the role of government in these small countries opens the door for hostile intervention by foreign governments and foreign companies. THIS IS WHY THERE ARE RULES. The market is cruel and unfair... Also...

Why let GM fail? It represents hundreds of billions of dollars of manufacturing infrastructure. Barring takeover from foreign powers, why should this labor and utility be liquidated solely to satisfy the undulations of free enterprise? At the very least, it could be broken up into competing units, or nationalized until its corrupt executive gambling apparatus was purified from it, then released back into public hands.

This is really what's upsetting about the GOP/Democratic solution to the crises. They have both taken half-measures toward fixing the problem in both free market and market socialist directions, and the result is a megalithic and unsustainable mess.

It's a Liberty Walk
11/30/11, 20:42

And while this is shit music, it was a shit rapper from Tunisia that started the Arab Spring.
It's a Liberty Walk
11/30/11, 20:41

The only reason you're here is so we can laugh at you. You're finally figuring this out?
Waldorf and Statler cosplayers
11/30/11, 08:29

good job you fuckin losers.
Skyrim Serial Killer House
11/30/11, 08:13

I'm saying that nude bodies being hacked up and rearranged for jerking off by sociopaths is more disturbing than underpantsed hacked up bodies, that's all. And don't even think about various impaling scenarios.
Skyrim Serial Killer House
11/29/11, 20:02

And there's a nudity mod out and it's going to make shit like this much more disturbing.
Skyrim Serial Killer House
11/29/11, 20:02

I really didn't want this to happen.
Ghosts N' Golbins Final Boss and Ending
11/29/11, 20:00

A mixture of broth.

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