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Cutting the Gordian Knot of GE Theory
Written by Victor Aguilar   
Abstract
 
In the context of GE Theory, the conditions required for capitalism to be efficient are implausible in practice, though conceivable in theory. The former implies that the free market is always inefficient. The latter implies that a central planner can mimic how capitalism would work if it were efficient while the profits and interest generated by the operations of publicly-owned business enterprises would be distributed to the general public as a social dividend.

In the context of GE Theory, there is no way for libertarians to get around this dilemma without being impaled on one or the other horn. Either we live with a system that can never be efficient in practice or we have an efficient system but renounce private property rights and put distribution of the "social dividend" in the hands of a central planner.
 
Is there another way?
 
Mild Form of Socialism
Written by Lee Rudy   

Is America slipping into Socialism?
Well it should. Anyway, eventually it will, it’s inevitable. Why?

Watch the European countries like, Brittan, Denmark, Sweden, Holland, or even France, all of them are socialistic, which means, their citizens do, and quite naturally so, have affordable healthcare and social services; their economies are stable. In Sweden, for example, everyone’s gotten lazy from too much of the good thing. As the human nature tends to be, we would get lazy too by taking the ordinary things for granted.  
Humanity seeks security and stability. Families must make sure that their children get good education and a good start in life. It’s a natural trend, even Rome recognized it more than 2000 years ago, and gave us the new idea.

At the break of the 19th and 20th centuries, the socialistic movements, spurred by completely natural desires, fought for their rights. Extremities like Marxism, Leninism, and Maoism were only born due to the rust-jammed capitalistic machinery enjoyed by the privileged few. The Stalins and Trotzky’s threw God away, or rather religion, just so that it’s controlling element on the human mind might be eliminated in order to spur industrial expansion. (Today China copies this model). The selfish capitalist machinery had rusted giving way to revolutions and reforms.

America was too young to go through this process; instead, it was preoccupied with labels. Like Abbott Castello’s “who’s on the first” who is a commy and who ain’t, was America’s paranoia, at least of some. McCarthianism only served us too well, protecting what? Waste of precious time.

What are we fighting for? Something the Europeans have enjoyed for decades, and which became a normal way of life? Why do we need this big hoopla about health care? Do we need champions for something which elsewhere is basic?

It is not a Democratic or Liberal idea, but common sense. If we do not regulate, we will be forced to regulate. Something must be centralized and not evolve all by itself, money is not a bacteria, it lives as long as the living navigates it. If the living has gotten too selfish and too greedy, irresponsible and uncaring then the hammer must fall on the anvil; we should not wait to long but strike the anvil now. 

Government buys bad debt? Who ever heard of such a scheme? We are buying government bonds and securities, so just as the name 'security' suggests there will be nothing secure to buy from the US government anymore. What will we invest in, junk bonds sold to us by Uncle Sam?

Whether we like it or not, especially now, with the banking crisis on our sick-with-worry heads, we slip into a mild form of socialism, which means that the taxes-paying citizens should be taken care by their government.
Is it too much to ask?

 
Spending Our Way Out of Debt
Written by IcePhantom   
When the country is faced with a tremendous debt, what is the first solution that comes to mind? Is it to try and pay off the debt using the money we don't have? Is it raising taxes to an unspeakable amount on anything and everything, and then pay it off with that money?
 
Global Inflation
Written by Brenda Velez   

In the next Newsweek, in the international edition, Senior Editor Rana Foroohar reports on why globalization, which used to be all about making things cheaper, has led to half the world living with double-digit inflation. Between 2003 and 2007, world GDP grew 5 percent per year-faster than it ever has. But freer trade, cheaper emerging-market labor, better technology and prosperity, made everyone from consumers to policy makers to the bankers financing it forget that this unprecedented growth came with greater global demand for things such as labor, food and energy.

 
Harvesting Rotten Fruit
Written by J.J. Jackson   

For years liberals of all stripes from socialists to communists to all out fascists have been planting seeds in our society. It became clear to them in the early part of this century that America was not quite ready for the revolutions that swept their fellow travelers into power across the globe in places like Russia, Germany, France and Italy. Something about the right of the people to keep and bear arms still being believed in at the time put serious kinks into that plan. So they opted for a more subtle approach on America’s shores.

 
The Housing Bubble: A Walkthrough
Written by Phillip Mabry   

On the newswire this morning I came across the following headline, “Real Estate Roundtable Urges Swift Senate Approval of Housing Relief – GSE Backstop Plan.”    I figured a little research was in order.  Specifically, I wanted to know, “Why does this group, Real Estate Roundtable, care about people losing their homes?”  The question may appear cynical, but rarely are there truly altruistic groups fighting the good fight; I wanted to see if this was one of them. 

 
Snappy Answers to Leftist Lies about Oil
Written by Thomas Lindaman   

It’s one of the biggest news stories out there right now, one that directly impacts us on so many levels. If we don’t address this issue soon, we will be thrown into a depression that will take years to overcome. I’m speaking, of course, of the racy photos of Miley Cyrus circulating on the Internet.

Oh, and there’s that whole kerfluffle over oil prices.

 
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