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Posts Tagged ‘Capitalism’

Governor Weighing In On Education

Thursday, May 12th, 2011

In this week’s paper there was a very interesting story about Governor Corbett. The PA House and Senate have two of the most interesting educational reform bills floating around in them. Senate Bill 1 starts a voucher program in PA—beginning with needy kids in failed districts and expanding (possibly) to middle class people in 5 years. The other is House Bill 1330. It doubles and redoubles the Educational Improvement Tax Credit in the next 2 years from 53 million to 200 million. There are things to like about both bills. In the topsy-turvy world of state budgets both of these bills save the tax-payer money.

The real question for me has been whether Governor Corbett will shepherd these ideas through to completion. Early observations have been unclear. Governor Corbett has been vaguely supportive, but not charging forward (in all areas but the non-taxing of Marcellus Shale). In the story in today’s paper seems to indicate that the Governor is going to support both bills. If he does, and if they are passed, education (and the state of PA) will be changed greatly over the next 10 years. I have concerns about both these bills, but I am beginning to wonder what a free market education system would look like. (There are no children in Atlas Shrugged! No help there.)

The Big Short: Inside the Doomsday Machine

Wednesday, September 15th, 2010

Michael Lewis’ The Big Short is a must read for all Americans. It is an autopsy of the recent financial debacle. It “decomplicates” the sub-prime mortgage mess and Lewis uses effective metaphors to help laymen—like yours truly—make sense of complex (and at some points intentionally complex) concepts. More than a story about sub-prime mortgage tranches (huge piles or skyscrapers of bad loans) and credit default swaps, it is a story of arrogance and ignorance. (more…)

Faux Capitalism

Monday, May 17th, 2010

George Will’s editorial in the Lancaster Paper today again demonstrates how far we have strayed from our capitalist moorings and how close we are to turning freedom into slavery.

http://www.reporternews.com/news/2010/may/12/crony-capitalism/

We have been sold (or our representatives have been sold) the bailouts of the last two years because if we did not do it, we would see a collapse of the world economy and such dire consequences that we would all have to rename the Great Depression the Not-so-grand Depression. So to avoid these DIRE problems, we sold the future. We bought comfort for ourselves by selling our children’s freedom. This has already been done. We must now ask: What have we done? Has it produced the desired effect? Who or what did we protect by selling out our children? (more…)