“Soft despotism is a term coined by Alexis de Tocqueville describing the state into which a country overrun by "a network of small complicated rules" might degrade. Soft despotism is different from despotism (also called 'hard despotism') in the sense that it is not obvious to the people."
Sunday, March 14, 2010
Jim Cramer One Year Ago on Obama, Housing and Stimulus
Obama was so predictably wrong on the basics about housing and the economy, why would anyone believe him about healthcare?
Kramer has the right prescription, reduce everyone's interest rate to 4% and cut principle.ReplyDelete