tag:blogger.com,1999:blog-5806884.post3478321724774046745..comments2023-10-31T03:18:26.963-07:00Comments on Great Guys Weblog: Barbarism and ToleranceBrethttp://www.blogger.com/profile/15063508651955739056noreply@blogger.comBlogger33125tag:blogger.com,1999:blog-5806884.post-16728621105284632512012-12-21T13:41:22.891-08:002012-12-21T13:41:22.891-08:00All those folks voted for even more socialism, so ...All those folks voted for even more socialism, so they can't complain about getting shafted.erphttps://www.blogger.com/profile/09826044412670324694noreply@blogger.comtag:blogger.com,1999:blog-5806884.post-86560743649348257942012-12-21T13:23:24.868-08:002012-12-21T13:23:24.868-08:00erp;
Heh. Ask how that coddling worked for non-un...erp;<br /><br />Heh. Ask how that coddling worked for non-union pensioners involved with GM. Somehow that kind of looting is fine with Mr. Eagar.<br /><br />Eagar;<br /><br />I fail to see why it's odd. I didn't say I agreed with it but I do think it was more in the way of crony capitalism than free markets.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5806884.post-47227197197907271582012-12-21T10:59:28.095-08:002012-12-21T10:59:28.095-08:00Ask GM investors how that coddling worked for them...Ask GM investors how that coddling worked for them.erphttps://www.blogger.com/profile/09826044412670324694noreply@blogger.comtag:blogger.com,1999:blog-5806884.post-55783257302250911812012-12-21T10:57:46.057-08:002012-12-21T10:57:46.057-08:00An odd argument for a capitalist to make, I think....An odd argument for a capitalist to make, I think. The actual effect was to expose investors (the job creators we are expected to coddle above all other goods)to fraudulently concealed risk.Harry Eagarhttps://www.blogger.com/profile/04196202758858876402noreply@blogger.comtag:blogger.com,1999:blog-5806884.post-53909705021171019332012-12-20T06:06:57.364-08:002012-12-20T06:06:57.364-08:00Bret;
Because the rates were adjusted down, not u...Bret;<br /><br />Because the rates were adjusted down, not up. That means end consumers (such as ones who held mortgages) paid less interest than an honest rate would have been. This was done to keep the debt crisis from embarrassing governments. For instance here is a <a href="http://www.zerohedge.com/contributed/2012-07-13/bloodletting" rel="nofollow">view from ZeroHedge</a> on the subject but I have seen the same basic data elsewhere.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5806884.post-73816811517774359222012-12-19T22:23:59.042-08:002012-12-19T22:23:59.042-08:00aog wrote: "...the fraud wasn't to benefi...aog wrote: "<i>...the fraud wasn't to benefit the LIBOR participants but to make Big Governments happy.</i>"<br /><br />Why do you think that?<br />Brethttps://www.blogger.com/profile/15063508651955739056noreply@blogger.comtag:blogger.com,1999:blog-5806884.post-34221483793123498592012-12-19T16:44:20.362-08:002012-12-19T16:44:20.362-08:00There you go again assuming the media are telling ...There you go again assuming the media are telling the truth.erphttps://www.blogger.com/profile/09826044412670324694noreply@blogger.comtag:blogger.com,1999:blog-5806884.post-67006572347583107512012-12-19T16:15:17.307-08:002012-12-19T16:15:17.307-08:00Where do you get the fantastical idea that the fra...Where do you get the fantastical idea that the fraud was not to benefit the banks?<br /><br />And, if you knew any economic history, specifically banking history, you'd know you have it exactly backward about small countries, banks and debts.<br /><br />Heck, it doesn't even have to be history. There have been numerous stories in the financial press in the past 4 weeks demonstrating how and why you are incorrect.Harry Eagarhttps://www.blogger.com/profile/04196202758858876402noreply@blogger.comtag:blogger.com,1999:blog-5806884.post-77734561827521480062012-12-19T14:43:44.349-08:002012-12-19T14:43:44.349-08:00I'd go with "the same way Big Government ...I'd go with "the same way Big Government did". <br /><br />I would add to erp's comment that the fraud wasn't to benefit the LIBOR participants but to make Big Governments happy.<br /><br />Or that small governments tend to be less heavily in debt and their debt far less of a concern than Big Governments so the fraud matter less.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5806884.post-39555234225575483662012-12-19T12:00:03.844-08:002012-12-19T12:00:03.844-08:00Skipper, this is such an easy one, let the little ...Skipper, this is such an easy one, let the little old lady take it. <br /><br />In a small government, free market system there is no global banking collosus where gazillions of our dollars are gathered in one place so they may be conveniently confiscated by despots and their toadies.<br /><br />Thank you, but no applause please.erphttps://www.blogger.com/profile/09826044412670324694noreply@blogger.comtag:blogger.com,1999:blog-5806884.post-80892546962946615902012-12-19T11:00:07.629-08:002012-12-19T11:00:07.629-08:00Query for all you small gummint, market-oriented f...Query for all you small gummint, market-oriented folks.<br /><br />How does a small gummint, antiregulatory, free market system protect anybody from the LIBOR fraud?<br /><br />http://www.bloomberg.com/news/2012-12-19/ubs-libor-fine-soars-as-traders-bribed-brokers-to-fix-libor-rate.htmlHarry Eagarhttps://www.blogger.com/profile/04196202758858876402noreply@blogger.comtag:blogger.com,1999:blog-5806884.post-46619708923024058052012-12-18T15:48:35.309-08:002012-12-18T15:48:35.309-08:00Small oligarchic government bad/big democratic gov...Small oligarchic government bad/big democratic government good.<br /><br />I suppose you will say it is just liberal platitudes, but I have read a lot of English constitutional history and some continental legal history, and for the past 150 years at least, the univeral opinion of historians has been that the transfer of power from baronial/ecclesiastical courts to royal courts resulted in less corruption (because corruption was near total in the local courts where judge, jury and benficiary of the decision were always the same person); greater efficiency etc etc.<br /><br />Even some people who used to be thought of as liberal but are now deemed to be conservatives, like Lecky, were of this opinion.<br /><br />Harry Eagarhttps://www.blogger.com/profile/04196202758858876402noreply@blogger.comtag:blogger.com,1999:blog-5806884.post-467534950462274322012-12-17T14:11:02.422-08:002012-12-17T14:11:02.422-08:00I see.
Small government bad, big government good....I see.<br /><br />Small government bad, big government good.Brethttps://www.blogger.com/profile/15063508651955739056noreply@blogger.comtag:blogger.com,1999:blog-5806884.post-12931130126091580352012-12-17T12:46:27.178-08:002012-12-17T12:46:27.178-08:00What leads you to believe that reporting of events...What leads you to believe that reporting of events decades ago was any more accurate than reporting of more recent events. Ever heard of the Durants?erphttps://www.blogger.com/profile/09826044412670324694noreply@blogger.comtag:blogger.com,1999:blog-5806884.post-14554643089440708102012-12-17T11:14:58.401-08:002012-12-17T11:14:58.401-08:00Not just one governor was involvedl. Many.
It use...Not just one governor was involvedl. Many.<br /><br />It used to be that state governments were a subsidiary of local bosses. When the bigger federal government undertook to supervise, the number of shootings ordered by governors on behalf of bosses dropped to zero and has stayed there for three generations.<br /><br />As good an example of the benefits of big and bigger government as you could wish.<br /><br />erp, do you think the thousands of workers and their familiesshot by state militia in our history are a fantasy of the left? Ever heard of Ludlow?Harry Eagarhttps://www.blogger.com/profile/04196202758858876402noreply@blogger.comtag:blogger.com,1999:blog-5806884.post-48161212005466395832012-12-15T13:05:19.866-08:002012-12-15T13:05:19.866-08:00Harry, sadly you are right we have to deal with hi...Harry, sadly you are right we have to deal with history as it is, not as the fantasies of the left would have it.erphttps://www.blogger.com/profile/09826044412670324694noreply@blogger.comtag:blogger.com,1999:blog-5806884.post-17021984121189621492012-12-15T12:33:24.525-08:002012-12-15T12:33:24.525-08:00Harry,
Was the Governor involved as you earlier s...Harry,<br /><br />Was the Governor involved as you earlier stated, or was he not?Brethttps://www.blogger.com/profile/15063508651955739056noreply@blogger.comtag:blogger.com,1999:blog-5806884.post-17005679373679384752012-12-15T12:13:07.551-08:002012-12-15T12:13:07.551-08:00 that would be government on employee violence
We... that would be government on employee violence<br /><br />Well, no. We have historical examples before us, and the ones making the call were, as I indicated before, always employers. <br /><br />We could imagine a different history, but we do have to live with the effects of the history we did have.<br /><br />Harry Eagarhttps://www.blogger.com/profile/04196202758858876402noreply@blogger.comtag:blogger.com,1999:blog-5806884.post-82278959117830097912012-12-14T20:36:46.759-08:002012-12-14T20:36:46.759-08:00Bret;
And clearly the solution to that is a more ...Bret;<br /><br />And clearly the solution to that is a <i>more powerful</i> government. Or maybe some regulations like "governors are not allowed to have workers shot". Surely the governor would enforce that, right? Because we trust him with so many other worker related regulations.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5806884.post-84210918134230736702012-12-14T17:27:19.034-08:002012-12-14T17:27:19.034-08:00Harry wrote: "Much easier to call the governo...Harry wrote: "<i>Much easier to call the governor and tell him to have the militia shoot...</i>"<br /><br />Um, that would be government on employee violence, not employer on employee violence.<br />Brethttps://www.blogger.com/profile/15063508651955739056noreply@blogger.comtag:blogger.com,1999:blog-5806884.post-88523758193682599452012-12-14T14:35:37.734-08:002012-12-14T14:35:37.734-08:00Yup. The shepherds and the wolves kinda look the ...Yup. The shepherds and the wolves kinda look the same, don't they.Brethttps://www.blogger.com/profile/15063508651955739056noreply@blogger.comtag:blogger.com,1999:blog-5806884.post-59128869391106031982012-12-14T14:07:59.513-08:002012-12-14T14:07:59.513-08:00Why not the looting of Illinois state employee pen...Why not the looting of Illinois state employee pensions by the state government?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5806884.post-83427819329550694152012-12-14T11:59:33.135-08:002012-12-14T11:59:33.135-08:00Write it then, but don't forget links..Write it then, but don't forget links..erphttps://www.blogger.com/profile/09826044412670324694noreply@blogger.comtag:blogger.com,1999:blog-5806884.post-25546161798864586702012-12-14T10:28:14.802-08:002012-12-14T10:28:14.802-08:00How messy. Much easier to call the governor and te...How messy. Much easier to call the governor and tell him to have the militia shoot a sufficient number of your opponents to calm them down.<br /><br />That's never been a union option, though. Only employers got to do that.<br /><br />It's true that since the New Deal, governors have not been compliant, but I've never seen any evidence that employers wouldn't revert to type as soon as political conditions allow it.<br /><br />A post about the looting of the Hostess pension fund by management would be nice about here. <br /><br />Harry Eagarhttps://www.blogger.com/profile/04196202758858876402noreply@blogger.comtag:blogger.com,1999:blog-5806884.post-1812074304223429662012-12-14T10:07:52.433-08:002012-12-14T10:07:52.433-08:00More about those oh-so-gentle employees Harry refe...<a href="http://www.michigancapitolconfidential.com/18063" rel="nofollow">More</a> about those oh-so-gentle employees Harry refers to:<br /><br />"<i>A speaker at a union protest against right-to-work legislation said if Gov. Rick Snyder signed the bill he would get "no rest" and that protesters would be at his "daughter's soccer game."<br /><br />"The Rev. Charles Williams II made the comments Tuesday to loud cheers before a group of thousands of union workers. [...]<br /><br />"Gov. Snyder later that day signed a bill into law making Michigan a right-to-work state. One of his daughters is a 16-year-old high school student.<br /><br />"Just know one thing, Rick Snyder: You sign that bill, you won't get no rest," Williams said. "We'll meet you on Geddes Road. We'll be at your daughter's soccer game. We'll visit you at your church. We'll be at your office.<br /><br />"Because Michigan workers will not take it laying down — by any means necessary!" he said.</i>"<br /><br />I wonder what "by any means necessary" means? Targeting his children for one, apparently. Does this count in the 1000 to 1 ratio Harry mentioned above?Brethttps://www.blogger.com/profile/15063508651955739056noreply@blogger.com