Time publishes a great article this week about why moving to web-based statements with your banks and credit card companies is a bad way to go.
http://www.time.com/time/magazine/article/0,9171,1938743,00.html
I haven’t yet read this article about Obama’s bank czar cracking down on executive pay but I wanted to blog because I have to state unequivocally and uncategorically that I think the role of government should be as limited as possible, and this easily oversteps those bounds. It is not the government’s place to regulate anything that can or will regulate itself. In this case, let the stockholders and consumers apply the appropriate pressures. What the government should do instead is make an environment that is as free as possible so that the news of these abuses can be made known to such parties, and they can apply pressure appropriately. There’s no reason to continue to concentrate greater and greater power into a centralized government body.
I think I may eventually become a libertarian.
Frankly this move is an absurdity and completely dissolves the credibility of the Nobel prize.
On top of that, Americans reacting to the award sound completely foolish: “Obama won? Really? Wow,” said David Hassan, 43, of Pine Brook, New Jersey. “He deserves it I guess, he’s the president. He’s a smart guy and I guess he’s into peace.”
Should someone who you “guess” is “into peace” win the award? Would love to hear your comments.
