First, C August at Titanic Deck Chairs likens the tactics of Treasury Secretary Henry M. Paulson to those of a crooked city mayor who makes America's businessmen "an offer they can't refuse."
Picture a gangster movie set in the 1920s, where businessmen from a big city are called to a meeting by the mayor. The room is dark and smoky, and the businessmen are prepared to start arguing with the mayor to get him to clean up the corrupt police department and its protection racket. Before they can start, two cops with Tommy guns walk in and flank the mayor, and he says, "Not only will your payments to the boys in blue increase, gentlemen, but I'm proud to announce that you have just become generous contributors to my reelection campaign. Do we understand each other?"This likeness of Paulson is right on.
Second is Spark a Synapse where Loriodendron says she is considering dropping her blog in favor of forming an activist group that would advocate laissez-faire in the food and nutrition industries. Go for it! I sure can support that.
Third is Rule of Reason which has a guest editorial by Edward Cline titled "Ayn Rand Avenged." He shows how precisely Ayn Rand's 1957 "Atlas Shrugged" foretold of today's events and their causes.
"In editorials, columns, and letters to the editor, Rand is suddenly being remembered as a philosophical soothsayer. The occasion? Chickens coming home to roost. Justice rearing its awful head. The bankruptcy of not only government-regulated economies and government policies, but of their altruist and collectivist foundations. Everything Rand ever said and wrote about the perils of statism is coming to pass."And so it is.
Fourth is Lubos Motl's The Reference Frame. Today he reports on the 'peak oil' nonsense with which we are constantly bombarded by observing that Cuba is adding 1% to world oil reserves. I found the comments interesting too.
Fifth is Noodle Food where Paul Hsieh reports that Isreal is taking a firm stand against Hezbollah. Paul also posts on a NY Times article showing that the market does better under Democrat presidents than Republican ones. I would have to agree with one of the commentors that correlation is not causation.
Sixth is Myrhaf who asks "Who Is Barack Obama?" What scares me is that any future Fuhrer's ability to subjugate Americans into a fascist dictatorship has been partially paved by Bush.
"(The foolish George W. Bush has given statist Presidents a new tool to use in any ginned up "crisis":Now that's really frightening.
On October 17, 2006, President Bush signed into law the John Warner Defense Authorization Act of 2007. The new law allows the President to declare a “public emergency” at his own discretion, and place federal troops anywhere throughout the United States. Under this law, the President also now has the authority to federalize National Guard troops without the consent of Governors, in order to restore “public order.” The President can now deploy federal troops to U.S. cities, which eliminates the 1878 Posse Comitatus Act. In short, Bush can now declare Martial Law anytime he pleases.)"
Seventh is Rob at The Morality War who reveals that a number of small banks are rebelling against Paulson's power grab. They are sound and don't need Paulson's money forced on them.
Eighth is Kim's Play Place where homeschooling moms may be interested in her techniques for teaching phonics. Today she tells us about "Finding Words With Specific Letters."
Ninth is Sarita at Kalamazoo Objectivist who is happy that "Canadians Choose Tax Cutter; Americans Choose Tax Raiser." Evidently conservative Stephen Harper won re-election easily by promising to cut taxes. Are you listening McCain and Obama?
Tenth is Capitalism Magazine which has two articles from Ludwig von Mises. The first is why there seems to be no depressions in totalitarian states, and second is why the enemies of capitalism keep smearing the gold standard. Pertinent reading regarding today's financial mess.
Eleventh is K.M. at Applying Philosophy to Life who has an essay on poverty and its causes.
Twelfth is Kindridest where Amy Nasir posts her evaluative essay from her Astronomy class and gets positive remarks from her professor. Way to go Amy!
If that's not enough reading to keep you busy over the weekend then go to Rational Jenn and peruse the latest Objectivist Roundup. Happy reading!