Definitions - Free Market

It is tedious to hear those who caused the problem blame the free market for the problem, here is a quote from an excellent roundup:

The free-market, let the banks do what they do mentality was what allowed them to create a $14 trillion mountain of securities backed by precarious mortgages to begin with.


Well, sigh, without massive government intervention in the form of subsidies, rules, regs and protections, and then installing moral flyweights such as former congressman Christopher Cox as SEC supervisor, there is no way the scam could take place.  And plenty of people saw the scam happening, reported it, complained of it, but nothing was done.  In 2004 the FBI reported to congress mortgage fraud was rampant.  No one acted, no one in government, not in labor, not in religion, not in medicine, not in academia, not in the press, not in industry or ...ahem... Wall Street.  By 2004 all of the commanding heights in the body politic of USA had been bought and paid for by the powers that be.

In 1977, Chairman Cox simultaneously received an M.B.A. from Harvard Business School and a J.D. from Harvard Law School, where he was an Editor of the Harvard Law Review. He received a B.A. from the University of Southern California in 1973, graduating magna cum laude after pursuing an accelerated three-year course.

This is the leadership we get from graduates our top universities. As I receive pitches every day for colleges my daughter may attend, every single one of them tells me in a bullet point that the college prepares "leaders for tomorrow..."  Never mind we need leaders today, or not.  Never mind Christians, of which this country is nominally such, are to be followers of Christ and not leaders of others (and note Satan tempted Jesus with "leadership of the world."  Which Jesus rejected.  And note the implication: although Satan is a liar, Jesus would know well what powers Satan had.  If Satan could not deliver the world under Jesus-leadership, then it would not be a temptation to Jesus.  So obviously, Satan could deliver the leadership of the world to whomever he pleases.  Therefore, this leadership one gets from a college education, what is its source?  hmmm..

Nonetheless, the polls will heat up this week with elections for new leaders.

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