"The current economic strategy is right out of "Atlas Shrugged": The more incompetent you are in business, the more handouts the politicians will bestow on you. That's the justification for the $2 trillion of subsidies doled out already to keep afloat distressed insurance companies, banks, Wall Street investment houses, and auto companies -- while standing next in line for their share of the booty are real-estate developers, the steel industry, chemical companies, airlines, ethanol producers, construction firms and even catfish farmers. With each successive bailout to "calm the markets," another trillion of national wealth is subsequently lost. Yet, as "Atlas" grimly foretold, we now treat the incompetent who wreck their companies as victims, while those resourceful business owners who manage to make a profit are portrayed as recipients of illegitimate "windfalls."
from 'Atlas Shrugged': From Fiction to Fact in 52 Years
Saturday, January 17, 2009
Wednesday, January 7, 2009
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"I will tell you what a tragedy is, I will show you how to waste your life. Consider this story from the February 1998 Reader’s Digest: A couple took early retirement from their jobs in the Northeast five years ago when he was 59 and she was 51. Now they live in Punta Gorda, Florida, where they cruise on their 30-foot trawler, play softball and collect shells. … Picture them before Christ at the great day of judgment: ‘Look, Lord. See my shells.’ That is a tragedy.” - John Piper