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The American Socialist Commonwealth (Part 2 of 2)

The American Socialist Commonwealth (Part 2 of 2)

(This is the second installement of a 2 part piece, click here for part 1) Former Hoover Institute Fellow Antony Sutton surmised that there were three species of socialism: Bolshevik socialism, state corporatist socialism, and welfare state socialism. All three shared...
The American Socialist Commonwealth (Part 2 of 2)

Student Loans, Debt Crisis and Bondage

In the medieval era there was a rather odd ceremony; when a member of the lower social castes found themselves in dire straights, they turned to the landowning nobility. In exchange for land to work, the noble demanded a portion of the produce, availability for...
The American Socialist Commonwealth (Part 2 of 2)

The Stupidity of Banking Fees

About ten years ago, my savings account basically stopped paying interest. The rate of about two percent fell to something like one-tenth of one percent in 2002. Over the last ten years, people just seemed to forget the way things used to work – banks are...

Moral Hazard

If you’ve not read Daniel Henninger’s column in the October 2, 2008 edition of The Wall Street Journal, I encourage you to.  In this column, Mr. Henninger defines the term “moral hazard”, particularly as it relates to Wall Street, Fannie Mae...

What A Week: Housing

By now you probably know that both Freddie Mac and Fannie Mae have had very poor quarterly reports.  Worse than expected.  And now we’re in for worse trouble. Money is now expected to be tighter as we roll into the fall and home buying will continue to be slow...
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