Milton Friedman responds to questions of morality and principle regarding capitalism

The Acton Institute has a new video short examining the problems with moving money around as a social policy.

Obama on the campaign trail telling an Ohio plumber that he intends to take the profits of small-business owners and “spread the wealth around” to those with lesser incomes.

In this YouTube clip, Rep. Brad Sherman (D-CA) says some congresspeople were told in private briefings that if they did not pass the bailout bill, circumstances would soon force the federal government to “impose martial law.”

My typical feelings about regulators aside, Fannie and Freddie’s status as GSE’s warranted massive oversight and regulation that I would never wish on a legitimate private company (my investment with a private company is voluntary, and it’s my responsibility to manage that risk - my involvement with GSE’s like Fannie Mae is far from voluntary).

How ironic to watch the same party that today blames the failure of Wall Street on a lack of regulation, fight so strongly against those who would hold Fannie and Freddie accountable to existing regulations.