In the same vein that Friedman was a road socialist, Kudlow is a banking socialist:
Via Paul Kedrosky.
Source link: http://archive.mises.org/8595/is-larry-kudlow-a-socialist/
Is Larry Kudlow a socialist?
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Ha ha ha! this is just great.
So if taxpayers are going to “profit” from this, why won’t the markets do the bailing out on their own dime?
And, let’s be honest — if you are a banking socialist, you are just a regular, full-blown socialist.
Classic double speak by the so called capitalists and most republicans.
Where’s Ron Paul when we need real leadership in this country? We have monkeys at the helm here.
Some pretty scary stuff. Note how easily this alleged defender of capitalism shifts his position: every 40-50 years it’s fine, and will work, to coerce people. I think he’s just some garden-variety scared, clueless Keynesian. While Kudlow is correct in fearing the meltdown he’s completely oblivious to the real cause of the crisis and doesn’t have any idea of how the proper remedy should look like. Kudlow’s case confirms one important truth that to propound a half-truth is worse than to propound a falsehood.
And Bob Murphy (along with most of the people here) is an atmosphere socialist…
Bob Murphy is an atmosphere socialist?
I’m doubt. Can you back up this claim with evidence?
*I doubt it.
Patrick, are you serious? Bob Murphy wrote an article claiming that cap and trade “is not a market solution” and opposing any tradeable caps on environmental damages. He has repeatedly written in opposition to any assignment of clear property rights in the atmosphere. Here’s one of many great summaries on my blog.
Or are you claiming that atmosphere socialism means wanting to *keep* property rights from being defined in scarce resources like the atmosphere?
Does anyone on the blog have both the easy facility with the English language and the grasp of economics to put forward an explanation that will reassure ordinary people.
Reassure them that it is OK to let the failures fail.
That Paulson is a scaremonger, and that it is impossible for credit to freeze up and paralyze the economy as he claims.
(There will always be money available for loans, just not at the arificially low interest rates made possible by the Fed.)
That the recovery will be painful but not prolonged, if the government does not intervene, a la Hoover.
God knows I can’t, I’m on a par with Gomer Pyle.
Kudlow is just another babbling nut on CNBC.
Mikey is right. Mises Institute can’t get some op-ed page to publish a layman’s explanation of this crisis?
Maybe not overt “socialist”, but he has certainly exposed his status as a special interest which wants his own favors from government even if he denies those same favors to others.
I wonder how he’d like “hypocrite”?
Here’s an article that Ron Paul recently wrote about the bailout that is pretty easy to understand.
http://www.cnn.com/2008/POLITICS/09/23/paul.bailout/index.html?iref=mpstoryview
Kudlow is a supply-sider, so in his mind, debts don’t matter. He also spoke about Alexander Hamilton in his interview, the hypernationalist who inspired people like Friedrich List and Henry Clay.
Hamilton was a free market capitalist? I guess all that central banking stuff and big government industrial nationalism dose not count.
Hamilton would be in favor of the economics of fascism today
andrew, you’d enjoy this one:
http://www.lewrockwell.com/dilorenzo/dilorenzo136.html
I’m with Curt Howland. Kudlow is a hypocrite. From now on, every time I hear him say, “I believe that free market capitalism is the best path to prosperity.”, I’m going to puke. I guess it will have to be, “I believe that free market capitalism is the best path to prosperity, except every 20 or 30 or 50 years when the government has to intervene to keep banks from failing” Of course that’s a little wordy and I doubt the talking head idiots that come on his show can remember it all.
Bernie Sanders got it right, Kudlow is a socialist.
What happened, Kudlow and Beck turned socialist?
http://www.glennbeck.com/content/articles/article/198/15495/?ck=1
I have found very few people in the mainstream media who are not socialist these days. Larry is often on the wrong side of most of the fundamentals of the free-market.
Just by the fact that he strongly supports the existence of the Federal Reserve (a central bank) means that nothing he supports within this central bank controlled economy can be classified as free-market. It is just his little made for TV gimmick.
END THE FED!!!
He’s a socialist and a fascist.
If Resolution Trust and Chrysler were so profitable, then what happened to my dividend check? Oh, they spent it on something else for my own good. Well, I feel better, now.
what happened to kudlows shown at 7pm on cnbc??
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