Larry Kudlow wonders if Pope Francis understands freedom (via Raw Story )
CNBC host Larry Kudlow isn’t confident that Pope Francis understand freedom. During a segment last week, the advocate of laissez-faire capitalism questioned some of the Pope’s comments on the economy. “Pope John Paul II, I think, had a much more…
The line is drawn. Things may be getting interesting on the economics and religion, and economics and morality front.
ReplyDeleteWhat freedom?! The freedom to steal via a government-backed counterfeiting cartel, the banking system?
ReplyDeleteThat's not freedom; that's fascism.
'Capitalism' so-called cannot create a 'rising tide' its mathematically impossible...
ReplyDelete"Kudlow replied that capitalism was the best way to help the poor because 'the rising tide lifts all boats'."
ReplyDeleteDear Mr. Kudlow,
The only thing rising this side of the internet is my middle finger.
You're dealing with the economic version of creationists, they're insane.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteKudlow's show is watched by a pitiful small number of households, i.e. the show's ratings suck. Why CNBC continues to keep this sad bore on, is a mystery.
ReplyDeleteKudlow replied that capitalism was the best way to help the poor because “the rising tide lifts all boats.”
ReplyDeleteThere's no doubt that asset-backed money is one of the greatest inventions ever and it has produced enormous wealth. But it has not shared it equitably (double pun intended). Why not? Because while asset-backed money can be issued as either Liabilities (debt) or shares in Equity (common stock) our governments subsidize the former and punish the latter. So now we have a world of enormous wealth on one hand and enormous debt on the other. The latter was never necessary - at least not since double entry booking was invented.
YPF Repsol was Argentine before it was Spanish.
ReplyDeleteThe Spaniards paid off Menem to privatize it and sell to the Spaniards, just as they did with Aerolineas Argentinas which was in the black before Spanish control but then gutted of good planes and money after Spanish control sent it into the red.
Enlarge the context and see the whole mountain.