Simon Johnson Is Such A Downer!

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drinacrand of KY 8:05PM October 27, 2009

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Invexixheli of AL 7:27PM April 16, 2009

If you know fascism from corn flakes, you know the puppeteers who run that empty-suit, that Kenyan who has occupied the White House, are speeding forward in a so-far-bloodless imposition of fascisim on the American Republic.

Ayn Rand said it best: "The main characteristic of socialism (and of communism) is public ownership of the means of production, and, therefore, the abolition of private property. The right to property is the right of use and disposal. Under fascism, men retain the semblance or pretense of private property, but the government holds total power over its use and disposal . . . . / Under fascism, citizens retain the responsibilities of owning property, without freedom to act and without any of the advantages of ownership. Under socialism, government officials acquire all the advantages of ownership, without any of the responsibilities, since they do not hold title to the property, but merely the right to use it—at least until the next purge. In either case, the government officials hold the economic, political and legal power of life or death over the citizens . . . . / Under both systems, sacrifice is invoked as a magic, omnipotent solution in any crisis—and “the public good” is the altar on which victims are immolated. But there are stylistic differences of emphasis. “The Fascist New Frontier,” The Ayn Rand Column, 98. http://aynrandlexicon.com/lexicon/fascism_and_communism-socialism.html

Stu Mahlin of OH 2:22PM March 31, 2009

President Obama, Please take this professor's findings into consideration. Let the natural forces of the market seek their own equilibrium.

Joel Reyna of TX 1:03PM March 31, 2009

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The Ticker

The Ticker

Kirk Shinkle is a senior editor at U.S. News. He writes daily about ups and downs in equity markets, sectors and stocks. Formerly, he covered business and economics on both coasts for Investor's Business Daily.

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