All Posts Tagged With: "Free Markets"

The New Obama Concoction: Fairness and Protection

How is it possible to resist the charms of any elected official offering the dual benefits of fairness and protection? After all, is not being treated equitably, while simultaneously being spared the pain of those who would seek to harm us, not of ultimate worth? Fairness must certainly be the quintessential American value, right? And our entire system of justice; is it not specifically designed to bring both fairness and protection?

Over the next year and a half we will hear the word fairness as if the word encapsulates the complete and final animation of the American ideal. We will also be offered a basket overflowing with governmental “protections” from rapacious bogeymen, both known and unknown. This little “benefits package” will come neatly wrapped in …


New Fed Powers Plan Needs Careful Thought

Let Friday, early news about a plan to broadly expand the power of the Federal Reserve was released.  Evidently the plan will be formally announced in a speech by Treasury Secretary Paulson.

I’m a bit out of breath.

McGehee was the first I saw to make mention that something like this was seriously in the works.  He expressed some concern which I share.

Seeing some more details of the plan (in the Des Moines Register Saturday morning) gave me reason to sit back and think.  The plan calls for 3 regulators, essentially eliminates any distinction between banks and thrifts, and would make the Fed the “primary regulator of market stability”, overseeing all segments of the financial services industry.

And the Democrats love it.  That should …


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