tag:blogger.com,1999:blog-8959556.post928534481737062983..comments2024-02-21T17:30:40.448-05:00Comments on An Objectivist Individualist: US Oil Production and the Price of OilCharles R. Anderson, Ph.D.http://www.blogger.com/profile/09610765984333672076noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8959556.post-19211133171571617752012-03-05T17:07:38.046-05:002012-03-05T17:07:38.046-05:00Charles,
Agreed. The Madoff case was particularly...Charles,<br /><br />Agreed. The Madoff case was particularly egregious. For YEARS, Harry Markopolos handed detailed proof of the Madoff Ponzi Scheme to the SEC on a silver platter. And, for YEARS, the SEC did precisely NOTHING!<br /><br /><a href="http://money.cnn.com/2009/02/04/news/newsmakers/madoff_whistleblower/" rel="nofollow">http://money.cnn.com/2009/02/04/news/newsmakers/madoff_whistleblower/</a>SBVORhttps://www.blogger.com/profile/02393495680438358951noreply@blogger.comtag:blogger.com,1999:blog-8959556.post-43041610625929056182012-03-05T16:45:18.832-05:002012-03-05T16:45:18.832-05:00I certainly agree that most major economic problem...I certainly agree that most major economic problems are caused by government interference with the private sector. The government's reaction to the problem is almost always to blame the private sector and claim that if the government only had more power the problem would have been averted. Of course, in many cases the government already had the power to take ameliorative action but did not. Usually that action should have been to do nothing, but even when it should have done something to have stopped a fraud, it more often than not, did not. Enron, Bernie Madoff, and the sub-prime mortgage bubble required by the government are among many cases that come to mind. We are clearly better off with minimal, constitutional government and our own personal and volunteer organization vigilance.<br /><br />Every time there is an increase in gasoline prices the Democrats call for an investigation into speculators. After much hue and cry, the outcome is always that there is no evidence for malfeasance. But some major part of the public is fooled into thinking Congress is watching out for them.Charles R. Anderson, Ph.D.https://www.blogger.com/profile/09610765984333672076noreply@blogger.comtag:blogger.com,1999:blog-8959556.post-997777833438787242012-03-05T14:58:38.718-05:002012-03-05T14:58:38.718-05:00My post on the same subject:
http://sbvor.blogspot...My post on the same subject:<br /><a href="http://sbvor.blogspot.com/2012/03/blaming-speculators-for-oil-prices-is.html" rel="nofollow">http://sbvor.blogspot.com/2012/03/blaming-speculators-for-oil-prices-is.html</a>SBVORhttps://www.blogger.com/profile/02393495680438358951noreply@blogger.com