Bailing Out the Red Light District
Throwing money at Flynt and Francis — like bailing out the automakers and the big banks — stifles innovation and new technologies in order to keep outmoded business models in place at the expense of taxpayers.
Throwing money at Flynt and Francis — like bailing out the automakers and the big banks — stifles innovation and new technologies in order to keep outmoded business models in place at the expense of taxpayers.
Finally, let us remember that there is a word that can never be discussed or even mentioned when we talk about the myriad flawed federal, state, and city transportation systems.That word is "privatization."
Instead of trying to abolish failure via bailouts, we should let markets work, let failure run its course, and be so much the wiser for it.
In a free society, Mr. Grushevski has every right to be entrepreneurial and to start a restaurant that only hires men who want to serve food in tank tops and shorts.
Just as "war is too important to be left to the generals," accounting is too vital for the economy and everyone's finances to have been left to the experts.
In the case of downloads, the great hunt promises to cripple the Internet. And HADOPI is only one of the state's tentacles.
I am confident that the above would make a heck of a lot more sense than letting blind heroin addicts borrow an extra trillion dollars to "stimulate" the economy.
The Marxians, Keynesians, Veblenians, and other "progressives" know very well that their doctrines cannot stand any critical analysis.
What we need are real lasting tax cuts and a corresponding movement of spending out of government and into the private sector.
It is interesting to see the psychology at play here: give the banks more money or else the massive stimulus will fail due to "instability."