Capitalism (Liberal columnists)
Capitalism is an economic system in which wealth, and the means of producing wealth, are privately owned.[1][2] Through capitalism, the land, labor, and capital are owned, operated, and traded, without force or fraud, by private individuals either singly or jointly,[3][4] and investments, distribution, income, production, pricing and supply of goods, commodities and services are determined by voluntary private decision in a market economy.
Mortgage Anyone?
by John Kozy (centrist liberal libertarian)
Published: September 30, 2009
Why are the standard terms for mortgages 15 and 30 years? Could it be because downturns in the American economy have occurred on an average of once every 14.5 years? When a buyer defaults on a loan after paying on it for 14 years, the lender gets the house for free, sells it again, and nets a small fortune or an investment of zero. Wouldn't you like to find a way of doing that?
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