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Mussolini and the Mortgage Bailout

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Mussolini and the Mortgage Bailout by Jacob G. Hornberger President Bush’s “agreement” with the mortgage industry to freeze interest rates is a reminder of the point that Ludwig von Mises made about interventionism. It is also a reminder of Benito Mussolini’s government-business partnerships that inspired much of the regulatory aspects of Franklin Roosevelt’s New Deal. Notice, first of all, that President Bush and his federal cohorts are totally silent about the root cause of this crisis — the out-of-control federal spending that the feds have embarked upon since 9/11, especially to fund the U.S. Empire’s military adventures in Afghanistan and Iraq. Do you remember when these people were suggesting that these adventures would essentially be “free” — that is, that the bills would be covered by nations joining the “coalition of the willing” and by oil taken from the Iraqis? Those plans obviously didn’t work out. As most people are now realizing, the bills for these adventures continue to soar, with no end in ...

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Mussolini and the Mortgage Bailout by Jacob G. Hornberger President Bush’s “agreement” with the mortgage industry to freeze interest rates is a reminder of the point that Ludwig von Mises made about interventionism. It is also a reminder of Benito Mussolini’s government-business partnerships that inspired much of the regulatory aspects of Franklin Roosevelt’s New Deal. Notice, first of all, that President Bush and his federal cohorts are totally silent about the root cause of this crisis — the out-of-control federal spending that the feds have embarked upon since 9/11, especially to fund the U.S. Empire’s military adventures in Afghanistan and Iraq. Do you remember when these people were suggesting that these adventures would essentially be “free” — that is, that the bills would be covered by nations joining the “coalition of the willing” and by oil taken from the Iraqis? Those plans obviously didn’t work out. As most people are now realizing, the bills for these adventures continue to soar, with no end in ...

Hornberger’s Blog, November 2007

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Friday, November 30, 2007 Drug-War Idiocy by Jacob G. Hornberger Mexican officials are all aglow over the seizure of a record 23 tons of cocaine, which they promptly burned in the hope of receiving $1 billion in U.S. taxpayer monies from U.S. officials. When will the American people finally demand a stop to this drug-war idiocy? Some 30 years ago, when I was a young lawyer in my hometown of Laredo, Texas, the DEA loved to make these types of announcements. Month after month, year after year, decade after decade, one record drug bust followed by another record drug bust. I repeat: When will the American people finally demand a stop to this drug-war idiocy? At the risk of asking an impertinent question: What’s the use of record drug busts, month after month, year after year, and decade after decade? Do record drug busts do anything to stop the supply of and demand for ...