Against Crony Capitalism

No surprise here. (From MSN) Whitmer said it’s her hope that Congress will soon approve another round of funding for...
  Savings drive investment which drives economic growth. Will fake Fed money replace it? No. (From Bloomberg) …intense downward pressure...
  This sort of thing happens all the time. We’ve posted many times on government employees who have done wrong...
  Most of us will never see a pension. But for a select few, a bailout. (From Zerohedge) It should...
  2 TRILLION MORE. Then after that? Quadrillions here we come. But how much will a quadrillion buy then? Maybe one...
  “Tripartisan”. Let’s hope it’s better than “bipartisan.” (From Reason) For the first time in U.S. congressional history, a bill...
The Beacon often covers stories that others simply will not. It’s one of the reasons we keep an eye on...
A picture I took of an ad on Wall Street 2012   We are a thoroughly crony capitalist economy now....
  You shouldn’t have to graduate from high school to take care of horses. (From Reason) How could the state...
Bankrupt Hertz Plans To Sell Up To $1 Billion In New Bankrupt Stock. We have entered an economic bizarro world with...
  Your company is based in New York but you live in Arkansas? Well, says Albany, too bad. Pay us....
(From Cato.org) From The Wall Street Journal – “The borrowers envisioned the sports facilities as a form of economic development...