About This Blog

Ludwig von Mises (1881-1973) was the greatest economist of my time. His greatest works can be accessed here at no charge.

Mises believed that property, freedom and peace are and should be the hallmarks of a satisfying and prosperous society. I agree. Mises proved beyond a shadow of a doubt that the prospect for general and individual prosperity is maximized, indeed, is only possible, if the principle of private property reigns supreme. What's yours is yours. What's mine is mine. When the line between yours and mine is smudged, the door to conflict opens. Without freedom (individual liberty of action) the principle of private property is neutered and the free market, which is the child of property and freedom and the mother of prosperity and satisfaction, cannot exist. Peace is the goal of a prosperous and satisfying society of free individuals, not peace which is purchased by submission to the enemies of property and freedom, but peace which results from the unyielding defense of these principles against all who challenge them.

In this blog I measure American society against the metrics of property, freedom and peace.

Wednesday, November 13, 2013

I'm Sorry

The entertainment value of this post can be considerably enhanced by listening to the fabulous Brenda Lee while reading...

After weeks of denying any problem at all exists with ObamaCare, after weeks of claiming he was out of the loop, of blaming the big bad insurance companies and the no-bid Canadian programmers who blew through millions of tax payer dollars and three years of time creating a website that still doesn't work, of claiming he did not mislead the American people by promising them they could keep their doctor and their health care insurance plan if they like it, and that ObamaCare would lower individual health insurance premiums by thousands of dollars, President Obama has apologized for the fiasco...sort of:
"We weren't as clear as we needed to be, in terms of the changes that were taking place," Obama said in an interview with NBC News.

"I am sorry that they [individual Americans] are finding themselves in this situation, based on assurances they got from me," he said.
Saying "I'm sorry" -- even half-heartedly -- makes everything better in today's America.  Obama, Harry Reid and Nancy Pelosi in one giant stroke of the pen virtually destroyed the health insurance and health care industry in the United States. But no harm done, for the President has apologized. (Reid and Pelosi have yet to apologize. In fact, they've doubled-down on their insanity.)

So all is well. Those of us who have lost our health insurance, or have seen our doctor retire, or will now have to pay higher premiums and ridiculous deductibles for higher priced health care, or wait months for an MRI or be denied a crucial medicine or operation in our old age...we should forgive and forget because the geniuses who passed this law without reading it and understanding it, or who misrepresented it or lied about it, are truly sorry.

As the Church Lady might say: "Isn't that special!"

On with life Mr. and Mrs. American. Carry on as if nothing has happened.

But not just yet...

It seems another former bureaucrat is sorry and has issued an apology for his malfeasance in office. Former Federal Reserve official Andrew Huszar wrote Tuesday:
"I can only say: I'm sorry, America," he wrote. "The central bank continues to spin QE as a tool for helping Main Street. But I've come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time."
Nothing to see here America. Keep moving along. Keep going about your business. Mr. Huszar and his colleagues at the Federal Reserve have been irrevocably destroying the dollar for a century but not to worry. Mr. Huszar has said he's sorry. So all is well.

When the dollar finally dies and the American economy collapses because of the uninformed incompetence of the morons at the Federal Reserve and the foolish spending and borrowing of the morons in Congress and the mendacious cheerleading of nincompoops in the administration, President Obama will attempt to make things all better by delivering a solemn, contriteful speech to the nation in prime time. I can hear it now.
My fellow Americans. I am truly sorry that you find yourself in this impossible and dangerous situation because of assurances from me that all would be well....    
And we Americans will accept with good cheer the death of prosperity as we knew it, because at least the official responsible apologized. At least he said: "I'm sorry."

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