Tuesday, February 8, 2011

Is the World Crazy

We have Obama "investing" to the tune of bankruptcy for the U.S. We have Congress refusing to touch entitlements when it is they that will topple the U.S. fiscal house of cards. We have the U.S. giving about $50 billion a year to Egypt not to lead to private property rights and economic freedom but to prop up a dictator. We have Paul Krugman arguing that the situation in Egypt is due to global warming (see here). What are the objectives of each of these groups/individuals? What did the US expect to get out of propping up a dictator who makes no progress in enhancing economic freedom and private property rights in 30 years? Surely an explosion or popping of the bubble had to be expected. Why is the US still dependent on middle east oil when the US has supplies of oil, coal, and natural gas that could make the country self sufficient for hundreds of years? Is the answer that environmental religion is as fanatic as fanatical Islam? The Muslim Brotherhood claims that using babies as bombs is Allah's will as long as Muslim lands are occupied. I am getting old; I just can not seem to make sense of all this.

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