In Soviet America, Natural Resources Exploit YOU!

A good rule of thumb when educating yourself about the current financial situation is to avoid sources that use terms like “free market fundamentalism” and “socialism.” Usually these words are used as nothing more than pejoratives, and one suspects that many of the people who use them couldn’t even provide a good definition of either concept. Such as here, for instance:

Sarah Palin derided Barack Obama's and Joe Biden's tax policies yesterday, telling a rally in New Mexico, "Friends, now is no time to experiment with socialism." Note: Sarah Palin is the governor of a state that practices collective ownership of oil and other natural resources, and equally distributes the state's cut of the revenues to every citizen.

Good write-ups on free markets and socialism can be found here and here, respectively. Ironically, I think socialism is a lot easier to define than is a free market.