Morgan Freedom on Racism
Hazlitt on the U.S. Housing Crisis
WHAT AN ECONOMIST SAID ABOUT THE U.S. HOUSING CRISIS – DECADES AGO "The case against government-guaranteed loans and mortgages to private businesses and persons is almost as strong as, though less obvious than, the case against direct government loans and mortgages [for homes]. ... Government-guaranteed home mortgages, especially when a negligible down payment or no down payment whatever is required, inevitably mean more bad loans than otherwise. They force the general taxpayer to subsidize the bad risks and to defray the losses. They encourage people to 'buy' houses that they cannot really afford. They tend to eventually to bring about an oversupply of houses as compared with other things. They temporarily overstimulate building, raise the cost of building for everybody (including the buyers of the homes with the guaranteed mortgages), and may mislead the building industry into an eventually costly overexpansion. In brief, in the long run they do not increase overall national production but encourage malinvestment." -- Henry Hazlitt, Economics in One Lesson (1979)Boston Tea Party Speech: July 4, 2009
The incredible historian John Lewis.John Allison on the Financial Crisis
Sam Harris: Causal Connection Between Islam and Islamist Violence is Undisputable
Liberal atheist Sam Harris writing in the Huffington Post has penned an important piece on the connection between Islam and Islamist violence called Losing Our Spines to Save Our Necks. Here are some quotesWhat about all the civil, freedom-loving, moderate Muslims who are just as appalled by Muslim intolerance as I am? No doubt millions of men and women fit this description, but vocal moderates are very difficult to find. Wherever “moderate Islam” does announce itself, one often discovers frank Islamism lurking just a euphemism or two beneath the surface. The subterfuge is rendered all but invisible to the general public by political correctness, wishful thinking, and “white guilt.” This is where we find sinister people successfully posing as “moderates”—people like Tariq Ramadan who, while lionized by liberal Europeans as the epitome of cosmopolitan Islam, cannot bring himself to actually condemn honor killing in round terms (he recommends that the practice be suspended, pending further study). Moderation is also attributed to groups like the Council on American-Islamic Relations (CAIR), an Islamist public relations firm posing as a civil-rights lobby.Even when one finds a true voice of Muslim moderation, it often seems distinguished by a lack of candor above all things. Take someone like Reza Aslan, author of No God But God: I debated Aslan for Book TV on the general subject of religion and modernity. During the course of our debate, I had a few unkind words to say about the Muslim Brotherhood. While admitting that there is a difference between the Brotherhood and a full-blown jihadist organization like al Qaeda, I said that their ideology was “close enough” to be of concern. Aslan responded with a grandiose, ad hominem attack saying, “that indicates the profound unsophistication that you have about this region. You could not be more wrong.” He then claimed that I’d taken my view of Islam from “Fox News.” Such maneuvers, coming from a polished, Iranian-born scholar of Islam carry the weight of authority, especially in front of an audience of people who are desperate to believe the threat of Islam has been grossly exaggerated. The problem, however, is that the credo of the Muslim Brotherhood actually happens to be “Allah is our objective. The Prophet is our leader. The Qur’an is our law. Jihad is our way. Dying in the way of Allah is our highest hope.”The connection between the doctrine of Islam and Islamist violence is simply not open to dispute. It’s not that critics of religion like myself speculate that such a connection might exist: the point is that Islamists themselves acknowledge and demonstrate this connection at every opportunity and to deny it is to retreat within a fantasy world of political correctness and religious apology. Many western scholars, like the much admired Karen Armstrong, appear to live in just such a place. All of their talk about how benign Islam “really” is, and about how the problem of fundamentalism exists in all religions, only obfuscates what may be the most pressing issue of our time: Islam, as it is currently understood and practiced by vast numbers of the world’s Muslims, is antithetical to civil society. A recent poll showed that thirty-six percent of British Muslims (ages 16-24) believe that a person should be killed for leaving the faith. Sixty-eight percent of British Muslims feel that their neighbors who insult Islam should be arrested and prosecuted, and seventy-eight percent think that the Danish cartoonists should have been brought to justice. And these are British Muslims.Link: Losing Our Spines to Save Our Necks