On the left hand, banks have the homeowner's interest (mortgage interest, that is) at heart, and you can take that to the, well, the bank. The continuous acts of creative dishonesty being perpetrated by the algorithmic financial wizards and their minions, together with their stable of cronies and lobbyists corrupting the government clearly are doing the best job that they are capable of doing.
On the right hand, there is no free lunch, and that includes, ironically, even in a free marketplace. The U.S. has the best capitalists in the world and we should be thankful that our Schools of Business keep turning out top notch wealth creators.
All hands now: Take with your left, Pocket with your right.
Sunday, March 18, 2012
Saturday, March 3, 2012
"Millions of men were out of work. Those fortunate enough to have jobs were dared to form unions. Courts enjoined them, police busted their heads, their leaders were jailed and new men took their jobs. A union was an affront to God. The laboring man would be protected and cared for not by the labor agitators, said one wealthy man, but by the Christian men to whom God in His infinite wisdom had given the control of the property interests of this country. If all else failed the troops were called out. Armories rose in every city of the country."
--E. L. Doctorow, Ragtime