Economist, Ph.D., Nobel Prize, Millions Dead

Muhammad Yunus (economist,Ph.D, Nobel Laureate) is the toast of the international, liberal, anti-poverty, jet set these days. He is primarily associated with the concept of micro financing. Micro financing or lending is very simple: you give a tiny loan with interest of 18-60% (in the case of the Yunus bank anyway), of a few dollars each to poor women (men don't pay back the loans, he says) who use it for some practical, sustainable, business related purpose. The loan is repaid, at which time another loan(s) can be made. Presto chango, in a little time everyone is a greedy, for profit capitalist, and poverty is finally vanquished after all those very sad and deadly centuries?

It does sound too good to be true, doesn't it? And, of course, money lending has been around since money was invented; so you do have to wonder what, if anything, is new about micro financing? If fact, micro lending has captured the liberal imagination for simplistic new schemes so well that there are now websites that make it possible for everyone to hookup with impoverished people all around the world to make micro to them. It seems poverty must surely be on the run now!

Yunus loves to talk about how he got the idea from greedy, evil loan sharks who came before him? He does not say why competitor loan sharks with lower rates did not emerge until profits were driven down to near zero and interest rates to competitive levels? Most likely this happened, if it did happen, because restrictive gov't banking regulations were so onerous that only illegal loan shark operations could afford to operate, and then only by gouging the desperately poor with usurious rates.

One thing is certain: Yunus will not use the word capitalism to describe micro financing. He has a better idea and he has that in common with Mussolini (hero to American Progressives before he sided with Hitler), Hitler, Stalin (another hero to American Progressives before 30 million dead bodies were discovered), and Mao. Had those fine gentleman been obsessed with capitalism (voluntary economic interactions) rather than their deadly schemes, 200 million people would not have been murdered. Not coincidentally, the self- described progressive, Hillary Clinton, has described unregulated capitalism as, "the most dangerous thing in the world".

It would seem they all hate capitalism because they hate to see free people engaged in voluntary economic exchanges to get what they think is best for themselves. Liberals prefer to control the process because free people are considered too stupid to know what they should really want and how to get it, or, perhaps it's just that people like Hillary want and need power so very badly that they will adopt any new rationale to get it? Hillary and the generally recreant Democrats want you to have what they want because they know better than you, and let's not forget, they know better because, well, they are, frankly, quite superior to you, or so they love to think.

Of course, every would-be dictator since the dawn of time needs to disambiguate a little with a good new name for what they propose so their scheme won't be confused with the last anti capitalist scheme that killed or impoverished millions. Yunus is greeted as the latest liberal hero for his new scheme: "social business". A social business (his bank for example) is a business that sells a product he likes. It may or may not make a profit. To him, and his