Month: June 2019

“For too long our leaders have failed us, taking us into one regime change war after the next, leading us into a new Cold War and arms race, costing us trillions of our hard-earned tax payer dollars and countless lives. This insanity must end.”
Reported by Pat Buchanan

more from Buchanan
Nope. That denunciation of John Bolton interventionism came from Congresswoman Tulsi Gabbard of Hawaii during Wednesday night’s Democratic debate. At 38, she was the youngest candidate on stage.

Gabbard proceeded to rip both the “president and his chickenhawk cabinet (who) have led us to the brink of war with Iran.”

In a fiery exchange, Congressman Tim Ryan of Ohio countered that America cannot disengage from Afghanistan: “When we weren’t in there they started flying planes into our buildings.”

Nasty people chase off people only because the nice people expect everyone to be pleasant. The nice give up when they find someone they think is unreasonable.

Ignore the nasty people.

Don’t waste your time trying to convince them, just work to have a majority and out vote them.

When you find someone unpleasant, just tell yourself, I need to find another nice person.

Gary M. Galles restates some remarks from Leonard Reed in a recent essay published by FEE

Here are some excerpts

” The market is a mechanism, and thus it is wholly lacking in moral and spiritual suasion…it embodies no coercive force whatsoever. “

“Instead of cursing evil, stay out of the market for it; the evil will cease to the extent we cease patronizing it. Trying to rid ourselves of trash by running to government for morality laws is like trying to minimize the effects of inflation by wage, price, and other controls. Both destroy the market, that is, the reflection of ourselves…attempts not to see ourselves as we are.”

I saw your opinion/commentary article published in the Wall Street Journal 6/5/2019. It properly brought to light that investors should not trust accounting statements from Chinese businesses. Your solution to this problem, calling for more government regulation is foolish.

A free market will less regulations, where “let the buyer beware” is more likely to have long term benefits, then establishing regulations attempting to cure yesterday and today’s problems.

Federal regulations are not without costs, Costs that most often accrue to businesses who have no evil intent. These costs then get passed on to all investors, even those who have no interest in Chinese investments. 

The fact that the SEC could not discover a multi-million ponzi scheme by Bernie Madoff that went on for years demonstrates just one example where regulations accomplished little, and provided the moral hazard that investors assumed the government was protecting them.  Your proposal will only increase the demand by the SEC for more federal budget, and more bureaucracy.

We have laws in place to punish wrong doers. Advocating more regulations to try to prevent fraud is an example of shutting the barn door after the horse has bolted.