A rather odd coincidence.
Two top hedge-fund managers from the purported Wall Street mafia have left the scene, in different ways.
Goldman’s chief hedge-fund manager, Pierre-Henri Flamand (chief of GS Principal Strategies), retired in February after 15 years at Goldman. Flamand was with Principal Strategies from 2002 -2007, and then turned it into a hedge-fund in 2008, [...]
Capitalism & Morality
“This idea that the government has services or goods that they can pass on is a complete farce. Governments have nothing. They can’t create anything, they never have. All they can do is steal from one group and give it to another at the destruction of the principles of freedom.”
-Ron Paul
“To the masses, [...]
I’ve seen some libertarians describe their ethic as, “Do what you will…but pay the price.”
Frankly, that is not a prescription at all. It simply describes consequences.
In ethical paganism, this would be considered incomplete, as the conclusion of the famous Wiccan Rede demonstrates:
“Where the rippling waters go, cast a stone, the truth you’ll know.
When you have and [...]
An article in the Christian Science Monitor, Dec. 20, 2005, suggests that data-manipulation abounds in tech rivalry between countries. Our geeks beat yours, is the 21st century version of saber-rattling:
“India provides the clearest example of how the numbers can be interpreted differently. The 350,000 engineers that it supposedly graduated last year is almost certainly false. [...]
Zerohedge points out what seems to be obvious to all but those whose professional interests lie in not being able to find their nose on their faces:
“Let’s get something straight right off the bat. We all know there is a certain level of fraud sleight of hand in the financial industry. I have [...]
Jayant Bandhari in Liberty Unbound:
“Starting in May 2005, Canada’s National Post, a generally anti-statist newspaper, ran a series of stories on the enormous successes of India’s opening economy. On the first day of the series, most of the front page was occupied by a picture of an Indian rocket taking off. The story said that [...]
Aha! Searching for more confirmation of my theory that there’s an ongoing effort to white-wash the role played by hedge-funds/speculators in destabilizing the economy, I came across this intriguing passage at wiki, about the upcoming Oliver Stone movie, Wall Street: Money Never Sleeps, a reprise of his 1987 movie Wall Street:
“The New York Times reported [...]
Larry Reed:
“Equal people are not free, the second half of my first principle, really gets down to brass tacks. Show me a people anywhere on the planet who are indeed equal economically, and I’ll show you a very unfree people. Why?
The only way in which you could have even the remotest chance [...]
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From Sauvik Chakraverti’s Antidote:
“Mint has a little piece that says one-third of all government expenditure is financed by borrowing, and one-fifth of all expenditure goes towards paying interest. They add that out of every 100 rupees spent, 14 rupees goes towards creating assets, while the rest goes towards salaries – that is, towards consumption. Note [...]