DAVID CAY JOHNSTON ~ FREE LUNCH

~ TWAETAGE(ASUWTB) ~ The Wealthiest Americans Enrich Themselves At Government Expense (And Stick You With The Bill)

~ IAUTTIIETMGFTGTTTSOAM ~ It Is A Universal Truth That It Is Easier To Mine Gold From The Government Treasury Than The Side Of A Mountain

~ EWSM-GOCBOTF ~ Even Without Spending Money –, Government Often Confers Benefits On The Few

STEGAG-WDATMG? ~ Since The Economy Grew And Grew – Where Did All The Money Go?

~ OTPTDTRAWWAWLEHBQASR ~ Over The Past Three Decades The Rules Affecting Who Wins And Who Loses Economically Have Been Quietly And Subtly Rewritten

~ FMTAQCNOGHBARTTTPFIFOTRTPATPC ~ For More Than A Quarter Century Now Our Government Has Been Adopting Rules That Tilt The Playing Field In Favor Of The Rich, The Powerful, And The Politically Connected

~ TNRHTSAATSEC-TR ~ The New Rules Have Taken Special Aim At Those Supposed Economic Criminals – The Regulators

~ OWCWFIOS-WRTWIWOBMHOC-OIUFPNOF ~ Often We Celebrate Wealth For Its Own Sake – Without Regard To Whether It Was Obtained By Means Honest Or Corrupt – Or Is Used For Purposes Noble Or Foul

~ MWRAG-BSAMVR-RBOTEAERM ~ Many Wasteful Rules Are Gone – But So Are Many Virtuous Rules – Replaced By Ones That Encourage And Even Reward Misconduct

~ UWTOMDWGTAIASEOLPEMP-EWTPDFRIFPTDNHU? ~ Under What Theory Of Morality Do We Grant Those Already In A Superior Economic Or Legal Position Ever More Power – Especially When That Power Derives From Rules In Fine Print That Defy Normal Human Understanding?

~ TCABPB-OIIAIECP-HABGIPODASSG ~ The Checks And Balances Provided By – Oversight, Inspection, Investigation, And, In Extreme Cases, Prosecution – Have All Been Gutted In Pursuit Of Deregulation And Supposedly Smaller Government

~ STBODCMPRATCOOL ~ Sometimes The Banner Of Deregulation Can Make People Rich At The Cost Of Other’s Lives

~ WWTCWTGWFTMFY? ~ Who Wants To Compete When The Government Will Fix The Market For You?

~ CSS ~ MPHBTBTFOSRTTR ~ Commercial Sports Subsidies – Market Principles Have Been Trounced By This Form Of Socialist Redistribution To The Richest

~ SFCSTNPANGFS-TAJAGSTOWFTMTTF ~ Subsidies For Commercial Sports Teams Never Produce A Net Gain For Society – They Are Just A Government-Sponsored Transfer Of Wealth From The Many To The Few

~ OOTMSFOTNEOIELOD ~ One Of The Most Salient Features Of The New Economic Order Is Exploding Levels Of Debt

~ TCGTLAVNTBICTTCOGAASOGWFTARETHMTL ~ That Consideration Goes To Lenders And Virtually None To Borrowers Is Central To The Creed Of Government As A Source Of Greater Wealth For Those Already Rich Enough To Have Money To Lend

~ TMTASWAWSAS-FKBBBASANCTBOS ~ The Markets That Adam Smith Wrote About Were Simple And Straightforward – Full Knowledge By Both Buyer And Seller And No Coercion To Buy Or Sell

~ HFTTHTAMPWFHTMMGILV ~ Hedge Funds Trace Their History To A Math Professor Who Figured How To Make Money Gambling In Las Vegas

~ WFHFID-LALALOD ~ What Fuels Hedge Funds Is Debt – Lots And Lots And Lots Of Debt

~ BHFANR-AMFABA-MOWTDIS ~ Because Hedge Funds Are Not Regulated – As Mutual Funds And Banks Are – Much Of What They Do Is Secret

~ HFAMAFPSR-BTANOV ~ Hedge Funds Are Making A Few People Spectacularly Rich – But They Add Nothing Of Value

~ RDNDTSOMTWS-BSIUITSDTFSFEE-AISUGWICBRTTM ~ Risk Does Not Darken The Sky Or Make The Water Smell – But Spewing It Unnecessarily Into The System Degrades The Financial System For Everyone Else – And If Something Unexpected Goes Wrong It Can Bring Ruin To The Many

~ WWFC-TITRWARUCGPTFTWFWTHRWTBDOTM ~ World-Wide Financial Collapse – That Is The Risk We Are Running Under Current Government Policies That Favor The Wealthy Few, Who Take Huge Risks With The Bank Deposits Of The Many

~ WNHATDOEWTITMWSOP-TPRANT-ATINRTBTTAOTNH-JAFMSA ~ We Now Have Almost Three Decades Of Experience With The Idea That Markets Will Solve Our Problems – The Promised Results Are Not There – And There Is No Reason To Believe That They Are Over The Next Horizon – Just A Few More Subsidies Away

~ MHOBOTDHBDTTR-LOSPALGSSFF ~ Many Hundreds Of Billions Of Tax Dollars Have Been Diverted To The Rich – Leaving Our Schools, Parks And Local Government Services Starved For Funds

~ LSUGULAFRC ~ Layered Subsidy Upon Giveaway Upon Legal Absolution For Reckless Conduct

~ YAYWATTTILMFTBTSS ~ Year After Year We Are Told That There Is Less Money For The Basics That Sustain Society

~ ASTDNEACPFIEHNSAWTJI-MIVTTCOTWCATLOL ~ A Society That Does Not Embrace A Common Purpose For Its Existence Has No Standard Against Which To Judge Itself – Making It Vulnerable To The Corruptions Of Those Who Chafe At The Limits Of Law

~ ASTTFTMTGTTFUIMBAMITEC ~ A Society That Takes From The Many To Give To The Few Undermines Its Moral Basis And Must In The End Collapse

~ HMMAYWTPEMFEOTTTCMASTR-WTESTRUAMOSPRPALC? ~ How Much More Are You Willing To Pay Each Month For Electricity On The Theory That Competitive Markets Are Superior To Regulation – When The Evidence Shows That Regulated Utilities And Municipality Owned Systems Provide Reliable Power At Lower Cost?

~ DYWAGT-ATODOBMWIVOSBUHF-TITM-IWTGSYMKYNE? ~ Do You Want A Government That – Allows Trillions Of Dollars Of Borrowed Money, Wrapped In Veils Of Secrecy By Unregulated Hedge Funds – To Influence The Markets – In Which The Government Says You Must Keep Your Nest Egg?

~ F-AMUTASLTTTBAOTIGGATTEMTMTPOMTDTR ~ Fines – Are Meaningless Unless They Are So Large That They Take Back All Of The Ill-Gotten Gains And Then Take Even More To Make The Price Of Misconduct Too Dear To Risk

~ WNTSLETTTBCOCC ~ We Need To Strengthen Law Enforcement To Thwart Thievery By Contract Or Computerized Calculation

~ RBWY ~ Reform Begins With You

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