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Socializing Financial Losses: What Does It Mean For You?

Kel Kelly @ September 24, 2008 # No Comment Yet

It means economic decline, wasted wealth, fewer jobs, lower salaries, and a reduced standard of living.
Imagine that I start a business, and it fails. I lose $50,000 that I risked in the venture. But then imagine that I don’t have to worry, because you and each of our other three million citizens will be […]

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How Holding the Olympics Harms Countries

Kel Kelly @ September 24, 2008 # No Comment Yet

We all marveled at the glamour and prestige of the Chinese Olympics. It was the most impressive, grandiose Olympics yet. That’s exactly the impression the Chinese government wanted us to have. The Chinese people themselves were proud to show the world what their nation could fund, assemble, and display.
But besides national pride, what […]

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If This Is Patriotism, We Should All Be Anti-American

Kel Kelly @ September 19, 2008 # No Comment Yet

The “patriotism card” is pulled more and more these days. It’s used as a tool to make people feel guilty for doing the right thing. A child might say to her mother: “If you don’t buy me this toy, it means you don’t love me!” Most mothers will not fall for that. […]

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