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HomeWhen Is ‘Uncle Sam’ Moving Out of the House?
Posted by Larry Doyle on April 12th, 2012 7:14 AM |
“The mind, once expanded to the dimensions of larger ideas, never returns to its original size.” Oliver Wendell Holmes, Sr.
Uncle Sam and his friends in officialdom around the world may believe their ideas are of larger size and greater dimension. That point is open to debate. How do the old man’s ideas mesh with the principles of freedom and liberty?
Uncle Sam and his ‘friends’ make for very strange bedfellows . . . and lousy business partners. I cautioned people on this front a few years back.
The sanctity of contracts? Fuhgeddaboutit. The primacy of market based principles? How inconvenient! Protecting private capital? Why bother? (more…)
Supreme Court Ruling on Janus Funds “Smells”
Posted by Larry Doyle on June 16th, 2011 9:43 AM |
I firmly believe and have often written that “when private capital is not protected by regulators, legislators, the courts, and the executive branch, then that capital will be more expensive to source in the future. More expensive and subsequently less available capital will inhibit an economic recovery.”
What part of that basic premise do those running Wall Street businesses and our supposed “protectors of the public interest” not understand? Do we need any more evidence than the precipitous decline in volumes across virtually every market segment to highlight that investors “get this” and that the incestuous parties on Wall Street and in Washington “don’t”?
While those with any appreciation of ‘sense on cents’ understand the need to protect long-term investor capital, we witness once again a mind boggling development that relegates the interests of real long term investors—that is you, me, and every Mom and Pop investor in our nation–to second class status. (more…)
