Posts Tagged ‘ayn rand

20
Feb
10

charles munger parable on usa

some obvious barbs at america’s finance based economy.

excerpt:

But even a country as cautious, sound, and generous as Basicland could come to ruin if it failed to address the dangers that can be caused by the ordinary accidents of life. These dangers were significant by 2012, when the extreme prosperity of Basicland had created a peculiar outcome: As their affluence and leisure time grew, Basicland’s citizens more and more whiled away their time in the excitement of casino gambling. Most casino revenue now came from bets on security prices under a system used in the 1920s in the United States and called “the bucket shop system.”

The winnings of the casinos eventually amounted to 25 percent of Basicland’s GDP, while 22 percent of all employee earnings in Basicland were paid to persons employed by the casinos (many of whom were engineers needed elsewhere). So much time was spent at casinos that it amounted to an average of five hours per day for every citizen of Basicland, including newborn babies and the comatose elderly. Many of the gamblers were highly talented engineers attracted partly by casino poker but mostly by bets available in the bucket shop systems, with the bets now called “financial derivatives.”

http://www.slate.com/id/2245328/pagenum/all/#p2

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11
Nov
09

i love our fubar government-crony-capitalistic welfare state

lets just make EVERYTHING free and let the gov’ment tell us what we need and don’t need….
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04
Nov
09

peter orszag as dr. floyd ferris

continuing with my atlas shrugged theme…here’s ‘director of office of the budget’ for the obama white house….this guy is right out of atlas shrugged…”the economy doesn’t like us right now and we need to somehow make the economy happy again”…..

also found out that his mentor is robert rubin…one of my 3 assholes of the financial apocalypse.

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02
Nov
09

tim geithner a real life wesley mouch?

for those that don’t know…wesley mouch was one of the main spinless vague-speaking bureaucrats in ayn rand’s atlas shrugged.

timmy geithner is america’s wesley mouch…the central planner bureaucrat trying to ‘fix’ the economy with vagueness…

come on barack obama..where’s the change????…every day these asshole bankers are still in your white house you lose a little more credibility….fix the goddamn banks before you take on your pie-in-the-sky health for all beaurocrazy…

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01
Jun
09

yet another example of ayn rand’s ‘atlas shrugged’ playing out in real world

these types of posts could become commonplace if the gov-ment continues to take over industry + putting no-experience beauracrats in charge…

excerpt:

WASHINGTON — It is not every 31-year-old who, in a first government job, finds himself dismantling General Motors and rewriting the rules of American capitalism.

But that, in short, is the job description for Brian Deese, a not-quite graduate of Yale Law School who had never set foot in an automotive assembly plant until he took on his nearly unseen role in remaking the American automotive industry.

Nor, for that matter, had he given much thought to what ailed an industry that had been in decline ever since he was born. A bit laconic and looking every bit the just-out-of-graduate-school student adjusting to life in the West Wing — “he’s got this beard that appears and disappears,” says Steven Rattner, one of the leaders of President Obama’s automotive task force — Mr. Deese was thrown into the auto industry’s maelstrom as soon the election-night parties ended.

http://www.nytimes.com/2009/06/01/business/01deese.html?_r=4&emc=eta1

13
Feb
09

ron paul still representin’

26
Dec
08

ayn rand interview with chris wallace

interesting to hear her talk about her philosophy:




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