Posts Tagged ‘regulation’

Wow.  I used to read Karl Denninger’s Market Ticker every day, despite my utter disgust with his profanity.  He has a good bead on what is happening in the economy and the regulation thereof.  I finally tuned him out when he decided to support Obama, despite standing pretty squarely in contrast to the man’s policies.  I just don’t understand some people.

Anyway, on a whim, I made the rounds of Mish, Calculated Risk and even picked up the Market Ticker today.  Denninger’s in fine form, but even he‘s bothered about Hal Turner.

In Denninger’s article, he links to Turner’s site, where you’ll find him effectively calling for mob “justice” against the banksters who ruined this country.  Now, I’d like to see these ripoff artists get their just desserts, but in my mind, that’s something that comes by due process of law.  Mob rule is best avoided.

Of course, as Denninger notes, there is a very real sense of betrayal, as it is the government itself, the stewards of the law, who are aiding and abetting the fraud.  (Check out The Creature from Jekyll Island for kicks.)  In many ways, it’s the regulators’ fault that we’re in the position we’re in.

That said, I know it’s cliche, but two wrongs do not make a right.  Descending into mindless mob rule, even if it’s fueled by righteous (or self-righteous) anger, is not going to make things better.  As much as we all love Batman for being willing to stand up to the bad guys, even he has a code of ethics that keeps him from total anarchy.

We cannot be vigilantes and live outside of the law, if we hope to maintain our country.

At the same time, if a country puts its citizens in a position where open revolt is the only possibility for real change (Obama’s “change” is a joke), perhaps the things that are worth maintaining have already been forsaken.

Please take the high road, and stand for the principles of liberty and honesty that this country were founded on… even if and especially if those in power have forsaken them.  Someone needs to do the right thing, and it isn’t vigilante justice.

In a world gone mad, it’s still best to resist the urge to join the fray.

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