Comments on: Rein in that Bias http://cafehayek.com/2009/07/rein-in-that-bias.html where orders emerge Mon, 16 Jan 2012 02:06:33 +0000 hourly 1 http://wordpress.org/?v= By: jimdittmer http://cafehayek.com/2009/07/rein-in-that-bias.html/comment-page-1#comment-175985 jimdittmer Sat, 08 Aug 2009 00:44:00 +0000 http://70.32.86.159/2009/07/rein-in-that-bias.html#comment-175985 Hmm, doesn't seem to be working? The US has had tremendous growth in the last 30 yrs. We've seen astonishing formation of new companies and technologies. For the first time in history we (the human race) produce more than enough food to feed everyone. Starvation exists because of politics not scarcity. More people in more places have more real opportunity to better their lives than at any other time and it's due primarily to the spread of Capitalism! One need only look to China to see the positive power of markets set free. The Free Market System is not perfect because it is a human institution- hindered by fear, lack of information, yes and occasionally greed and inhumanity; but far more often it succeeds where collectivism and government monopoly fails. Was it greed that drove the sub-prime mortgage crisis? Perhaps, but none the less the 90%+ of the people who took out those loans that are still making their payments -building equity in a home that they own. What we are really seeing is the power of a few people to convince us that the sky is falling - trying to convince us we need a solid steel umbrella. Hmm, doesn’t seem to be working? The US has had tremendous growth in the last 30 yrs. We’ve seen astonishing formation of new companies and technologies. For the first time in history we (the human race) produce more than enough food to feed everyone. Starvation exists because of politics not scarcity. More people in more places have more real opportunity to better their lives than at any other time and it’s due primarily to the spread of Capitalism! One need only look to China to see the positive power of markets set free. The Free Market System is not perfect because it is a human institution- hindered by fear, lack of information, yes and occasionally greed and inhumanity; but far more often it succeeds where collectivism and government monopoly fails. Was it greed that drove the sub-prime mortgage crisis? Perhaps, but none the less the 90%+ of the people who took out those loans that are still making their payments -building equity in a home that they own.

What we are really seeing is the power of a few people to convince us that the sky is falling – trying to convince us we need a solid steel umbrella.

]]> By: Anonymous http://cafehayek.com/2009/07/rein-in-that-bias.html/comment-page-1#comment-175451 Anonymous Sat, 01 Aug 2009 20:00:00 +0000 http://70.32.86.159/2009/07/rein-in-that-bias.html#comment-175451 You forgot a few: abolish the central bank, stop wealth redistribution, and curb government intervention in the marketplace. Allow people to be accountable for their own actions, not only in benefit, but in consequence. Allow failing companies to fail. Stop the government support of monopolies, and abolish the anti-trust laws. THEN things will be better. You forgot a few: abolish the central bank, stop wealth redistribution, and curb government intervention in the marketplace. Allow people to be accountable for their own actions, not only in benefit, but in consequence. Allow failing companies to fail. Stop the government support of monopolies, and abolish the anti-trust laws. THEN things will be better.

]]> By: vidyohs http://cafehayek.com/2009/07/rein-in-that-bias.html/comment-page-1#comment-51679 vidyohs Tue, 30 Nov 1999 07:00:00 +0000 http://70.32.86.159/2009/07/rein-in-that-bias.html#comment-51679 <p>There is left right bias and then there is just plain old bias, or criminal bias, or screw you citizen bias.</p> <p>I despise the left but I have to recognize that when it comes to politician versus the people they close ranks like the best defensive army that ever formed up to fight.</p> <p>http://www.securitiesdocket.com/2009/03/11/closing-the-congressional-insider-trading-loophole/</p> <p>http://www.goupstate.com/article/20090716/ARTICLES/907161007?Title=Congressional-insider-trading</p> <p>http://www.dailyfinance.com/2009/07/16/former-sec-commissioner-insider-trading-by-congress-is-perfectl/</p> <p>They throw your butt in jail for years if you are caught doing it, but they skate home free.</p> There is left right bias and then there is just plain old bias, or criminal bias, or screw you citizen bias.

I despise the left but I have to recognize that when it comes to politician versus the people they close ranks like the best defensive army that ever formed up to fight.

http://www.securitiesdocket.com/2009/03/11/closing-the-congressional-insider-trading-loophole/

http://www.goupstate.com/article/20090716/ARTICLES/907161007?Title=Congressional-insider-trading

http://www.dailyfinance.com/2009/07/16/former-sec-commissioner-insider-trading-by-congress-is-perfectl/

They throw your butt in jail for years if you are caught doing it, but they skate home free.

]]> By: vidyohs http://cafehayek.com/2009/07/rein-in-that-bias.html/comment-page-1#comment-51680 vidyohs Tue, 30 Nov 1999 07:00:00 +0000 http://70.32.86.159/2009/07/rein-in-that-bias.html#comment-51680 <p>"In my many years I have come to a conclusion that one useless man is a shame, two is a law firm, and three or more is a congress."<br /> John Adams<br /> </p> "In my many years I have come to a conclusion that one useless man is a shame, two is a law firm, and three or more is a congress."
John Adams

]]> By: kebko http://cafehayek.com/2009/07/rein-in-that-bias.html/comment-page-1#comment-51681 kebko Tue, 30 Nov 1999 07:00:00 +0000 http://70.32.86.159/2009/07/rein-in-that-bias.html#comment-51681 <p>It's sadly ironic that the airline industry is mentioned, since, from Southwest Airlines to Virgin Airlines to countless others, potential new market entrants encounter countless arbitrary legislative hurdles which have the explicit purpose of protecting the established corporations.</p> <p>Uugggghhhh.</p> <p>Maybe after the airlines, the federal heros can go after those sugar, tomato & dairy trusts, too.</p> <p>Are we really supposed to mourn the death of the newspapers? What purpose were they supposed to serve?</p> It's sadly ironic that the airline industry is mentioned, since, from Southwest Airlines to Virgin Airlines to countless others, potential new market entrants encounter countless arbitrary legislative hurdles which have the explicit purpose of protecting the established corporations.

Uugggghhhh.

Maybe after the airlines, the federal heros can go after those sugar, tomato & dairy trusts, too.

Are we really supposed to mourn the death of the newspapers? What purpose were they supposed to serve?

]]>