Sen. Tom Coburn: “The root of the problem is political greed in Congress. Members … from both parties wanted short-term political credit for promoting homeownership even though they were putting our entire economy at risk by encouraging people to buy … Continue reading
“The financial crisis is not the crisis of capitalism. It is the crisis of a system that has distanced itself from the most fundamental values of capitalism, which betrayed the spirit of capitalism.” — French president Nicolas Sarkozy This from … Continue reading
A reader writes DrHurd.com: Thank you for your unique perspectives on the current economic meltdown. I agree with you. Tell me, are people like us a minority of thinkers, or is there a majority of silent people? Dr. Hurd’s reply: … Continue reading
Does talking help? Sometimes yes, sometimes no. Sometimes, talking is worrying. Worrying accomplishes nothing, although it raises blood pressure and tension. Sometimes talking is: planning; thinking; developing a rational, or more positive, perspective. Talking in and of itself is neither … Continue reading
John McCain is such a horrendous “defender” of capitalism that one can only conclude he sees no purpose in defending it. This is a man with absolutely NO systemic understanding of anything economic. As awful and as socialist as Obama … Continue reading
“Still, the bank bill with its huge bailout does suggest that the $29 billion bailout of the bondholders of Bear Stearns in March was a mistake. It seemed to have a moral-hazard effect by encouraging Lehman Brothers and other investment … Continue reading
Most of all, don’t believe your own B.S. Your mind might create illogical conclusions based upon illogical assumptions. It happens subconsciously. It’s outside of your awareness–but not outside of your control. That which you can identify and change is always, … Continue reading
Q: Dr. Hurd, isn’t the collapse of capitalism, as we know it, and the emergence of all-out socialism in the U.S., a failure of the free-market individualist moment? A: No. If unrestrained, unhampered capitalism and individual rights were ever given … Continue reading
A journalist wrote me the following: “I always say both Democrats and Republicans want to transfer wealth. Democrats want to take from the rich and give to the poor. Republicans want to take from the poor and give to the … Continue reading
So let me get all this straight. Letting an industry go bankrupt will have catastrophic consequences for every single person in society. It will be the end of our economy. Bankrupting the government by forcing taxpayers to subsidize $700 … Continue reading
“Talent is cheaper than table salt. What separates the talented individual from the successful one is a lot of hard work.” — Stephen King
Q: Sometimes I’m jealous of those who have a steadfast passion for a concrete professional goal or at least a general career, and don’t get too obsessed with all the possibilities their choices have excluded. A: The presence of a … Continue reading