no third solution » Archive
A Few Thoughts on the Credit Situation
It is convenient that immediately preceding the current credit-crunch, a few notable things happened. The bankruptcy code was changed, and the laws surrounding the payment structure for unsecured debt were changed, which resulted in minimum payments that are about twice what they previously were. Shortly thereafter, the Federal Reserve began targeting higher short term rates (the discount rate) which results in contraction of the monetary base, and a diminution of the supply of loanable funds. If you were a politically connected banking insider, you probably knew all about these turns of events before they happened, and were able to profit immensely. … Read entire article »
Filed under: ponderings, Uncategorized
Blight
Let’s say you and several neighbors live near an eyesore. If you don’t like the maintenance of that property, you should do it yourself. This means that the several of you could pitch together to purchase the blighted property, and transform it into something useful like a park or open space for your common enjoyment. But he fears, as we’ve seen, that zoning laws prevent people from improving their lots (no pun intended) individually, or collectively. If the current owner held allodial title, or a claim to allodial title, instead of the quasi-feudal title we refer to as “fee simple”, this would not be a problem. But because of land patents, through which the government declares its violent intentions against all contest, you can’t acquire allodial title. A … Read entire article »
Filed under: Bureaucracy, Government is Slavery, Legalese, Michigan, Property Rights