If you remember, the two previous entries were about the problem of economic organization under capitalism and why this system of economic organization makes an integrated and comprehensive theoretical understanding of which a particularly distinctive task. A capitalist, division-of-labor, economic system is not at all like a Robinson Crusoe economy. It even cannot be conceived as a mere summation of individual Robinsons.
A most pathetic comment from Warren Buffett, who is horrifying when it comes to assesing politics and freedom. Family heirs, he says, have already won an “ovarian lottery,” and thus should not be “rewarded” by the tax system. Mr. Buffett, however, doesn’t explain why the lack of theft is considered to be a “reward.”
Known typically for their chocolate and beer it seems that the soft-spoken Belgians are in the middle of a political crisis: the secession of Flanders (cue quote from Homer). If you thought 149 days without an acting government was hard to imagine in these times of statolatry, what about 171 and counting?
Hard Choices, from Corporate Counsel, Dec. 2007 (alternate link). Discusses the persecution of Chiquita by the feds and the US legal system for paying off terrorists to protect their employees. The evil of the state on full display — the state doesn’t protect them, and refuses to let them protect themselves (and of course, to the lawyerly mind, both sides “have a point”. Ugh.).
It’s so funny how the “strike” — once considered the great weapon in the arsenal of the workers of the world-has been reduced to this:
Under Literature, new issues of American Affairs are being added, in particular this one from 1946, which runs a letter from Keynes to FDR. I find it very bizarre really. I had never seen this before:
Unsurprisingly, the latest missive from the Doomsday cult of tax-exempt Phyllakes plays up the supposed horrors of ‘climate change’ for all it’s worth, before strongly recommending that we ‘Rich’ people bear most of the costs of their megalomania, neatly employing a weepy-eyed catchphrase - “Human Solidarity in a Divided World” which they know will appeal to anti-capitalist journos, to the MTV generation muddle-heads, the celebrity serial child-adopters, and the billionaire rock-sta
In the Q-and-A after his testimony to congress, CNBC reports that Bernanke suggested raising the conforming loan limit to $1 million. The conforming limit is the maximum size of individual mortgage that can be pooled into a mortgage-backed security to be eligible for purchase by one of the housing GSEs (Fannie and Freddie).
That’s the nickname of the Boston area, a nickname that appears to be applicable once more. Massachusetts looks to be the forefront of another revolution: the revolution to end the income tax. Last week, the Patriots over at the Center for Small Government reported that 100,000 signatures were delivered for validation and certification. This is another step in the arduous process to gain ballot access. Should the issue pass, the income tax in Massachusetts is done ... stick a fork in it.
[In his 20s, Murray Rothbard wrote a newsletter called The Vigil, in which he wrote the following review of William F. Buckley, Jr., “A Young Republican View,” The Commonweal, January 25, 1952.]
