Welcome to the Back-Scratching Economy

"Back-scratching has always existed in business, of course, but in the business world it’s typically been practiced with private dollars by those who voluntary opted to participate (read: shareholders). In the new back-scratching economy, however, the payments are made with tax dollars in full view of the electorate, which is expected to stomach the redistribution of their savings to institutions like OneUnited along with socialized healthcare, "responsible" homeowners who don’t pay their mortgages or other politically-motivated interests with only one justification: "the public good."It’s a frightening harbinger for free markets, capitalism and individual rights."

Jonathan Hoenig is managing member at Capitalistpig Hedge Fund LLC.