The worst drop in new home sales on record has turned financial leaders into champions of big government with everyone from Russo to executives at Citigroup Inc. and JPMorgan Chase & Co. supporting public measures to keep the housing market from sinking the economy. It's a change from Wall Street's usual stance that markets work best without government interference.(Bloomberg)
This is one of the classic developments. We ask more and more to the government, this mystical assembly of geniuses.
There is always something bigger and better to do. Eventually the government, as represented by its bureaucracy, slowly and steadily gobbles up more and more of our resources.
Maybe this is one of the reasons behind the fall of our currency. It reflects our failure to deal with the issues without relying on big government.
Socialism is about believing that governments can deliver the perfect society. And every crisis is another little step toward this non-existing idyllic world.
George Dagnino, PhD
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