“But President Obama’s successful move to force BP to establish a $20 billion compensation fund that the company will have no voice in allocating — just a down payment, the president insisted — may have been the most vivid example of what he recently called his determination to step in and do ‘what individuals couldn’t do and corporations wouldn’t do.’
“With that display of raw arm-twisting, Mr. Obama reinvigorated a debate about the renewed reach of government power, or, alternatively, the power of government overreach.” – David Sanger, New York Times
“Government „help‟ to business is just as disastrous as government persecution… the only way a government can be of service to national prosperity is by keeping its hands off.”
“Potentially, a government is the most dangerous threat to man’s rights: it holds a legal monopoly on the use of physical force against legally disarmed victims.”
“The only power any government has is the power to crack down on criminals. Well, when there aren’t enough criminals, one makes them. One declares so many things to be a crime that it becomes impossible for men to live without breaking laws.”
“The worst guilt is to accept an unearned guilt.” – Ayn Rand
FX Trading – Something may not wash?
Quiet so far today…but we keep thinking things still ain’t right out there; this isn’t your father’s usual “recovery” from recession. Inflation, or the lack thereof, and the rising potential for outright deflation continue to nag at us.
….read more HERE