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The Solyndra Economy and the perverse effect of government intervention in WSJ

When government takes $535 million and invests in a loser, it not only wastes taxpayer money but it also denies that capital to some other project in the private economy that might have succeeded.

The Geniuses We’ll Never Know or all the Steve Jobs of the world  we’ve never heard of,  from Niall Ferguson in Newsweek

And that—China, please note—is why capitalism needs to be embedded in a truly free society in order to flourish. In a free society a weirdo can do his own thing. In a free society he can even fail at his own thing, as Jobs undoubtedly did in his first stint in charge of Apple. And in a free society he can bounce back and revolutionize all our lives.

Obama attacks banks while raking in Wall Street dough

Barack Obama has received more money from Wall Street than any other politician over the past 20 years, including former President George W. Bush.
So what’s my complaint? Simply this: Where’s the proof that Obama is a master of public policy? To be sure there’s ample proof that he’s a master at talking about public policy, describing the problems, summarizing the current thinking, regurgitating all of the reigning clichés and platitudes. But where’s the evidence that he’s actually good at public policy?
Here’s a thought: Maybe Obama is just a big fan of public policy the way I’m a big fan of movies? I can talk about movies all day long. I can discuss camera work, acting, story, directing etc. with some fluency. I can even talk about how movies are financed and the role of foreign markets.  But you know what? I don’t have a frickn’ clue how to make a Hollywood movie (and I’ve actually made some documentaries).
Ouch!!!
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Publié le 10 octobre 2011, dans Uncategorized. Bookmarquez ce permalien. 1 Commentaire.

  1. I think you’ll want to place a facebook button to your site. I just marked down this blog, but I must make this manually. Just my $.02 🙂

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