iOS app Android app

Free Market

Libertarian Experiment in Iceland Fails

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

Economists are already using Iceland as a textbook case of how to ruin a nation's economy. As Paul Krugman notes, there is an "almost eerie correlation between conservative praise two or three years ago and economic disaster today."

Conservatives, Liberals, and Freedom

Henryk A. Kowalczyk | Posted 05.25.2011 | Politics
Henryk A. Kowalczyk

Reading the Huffington Post or watching Fox News, one could conclude that liberals versus conservatives is the pivotal political division of our times. One could not be more wrong.

Stand Up For Ayn Rand: Fall Fashions For Free Markets

David Rees | Posted 05.25.2011 | Comedy
David Rees

As our free market comes under deadly assault by the Socialists and the Trotskyists in the White House, I'm proposing we hold a big fashion show and give all the money to the free market. Who's with me?

Obama's Economic Paradox: Can You Have "Bailout" and "Stimulus" at the Same Time?

Randall Amster | Posted 05.25.2011 | Politics
Randall Amster

Perhaps the centerpiece of the current bill (at least for people's pockets in the short-term) is an actual weekly paycheck bump to the tune of about eight bucks.

The Reality Behind Real Estate

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

The Obama team feels it is better to artificially prop up home prices at an unsustainable level rather than have them retreat to a price that can be supported by the free market.

Toll Roads Are Paved With Bad Intentions

Thomas Frank | Posted 05.25.2011 | Politics
Thomas Frank

Back in the days when the market was a kind of secular god, we were told private businesses did everything better than the state. But something happened on the road to privatopia.

Transparency, Justice and Clarity in the Economic Crisis

David Calhoun Mendelsohn | Posted 05.25.2011 | Business
David Calhoun Mendelsohn

Why are the banks not fulfilling their end of the understanding that if US taxpayers provide the blank check, they will open the liquidity tap so that the economy can operate?

Should Americans Start Saving, or Stop?

Scott Malcomson | Posted 05.25.2011 | Business
Scott Malcomson

The deeper problem is not consumers' dependence on credit but the American economy's dependence on consumer over-confidence.

The 'Market' Isn't So Wise After All

Thomas Frank | Posted 05.25.2011 | Business
Thomas Frank

By and large the free-market medicine men seem determined to learn nothing from this awful year. Instead they repeat their incantations and retreat deeper into their dogma.

Laissez-Faire Capitalism Should Be as Dead as Soviet Communism

Arianna Huffington | Posted 05.25.2011 | Business
Arianna Huffington

It's time to drive the final nail into the coffin of laissez faire capitalism. If not, the Dr. Frankensteins of the right will surely try to revive the monster and send it marauding through our economy once again.

Should The World's Reserve Currency Yield Zero Percent

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

We must grow the economy by empowering the private sector. I would have hoped by now we learned that inflation doesn't solve anything.

You Heart Corruption

Allison Kilkenny | Posted 05.25.2011 | Politics
Allison Kilkenny

Everyone needs to stop acting like they're surprised by the recession. It's not cute, and it's painfully insincere.

Will Barack Obama Commit Industrial Policy?

Robert Kuttner | Posted 05.25.2011 | Politics
Robert Kuttner

Obama may soon find that he is committing a big sin against one of the major premises of the reigning ideology, and will create a head-on collision with one of the cherished dogmas of market fundamentalism -- "free trade."

Brainless Bravado vs. Calculated Fraud

Benjamin R. Barber | Posted 05.25.2011 | Politics
Benjamin R. Barber

To the rapacious media: climb off your high horse and stop pretending you're shocked, shocked! Blagojevich is just doing publicly what the free market system has being doing privately for thirty years.

The Lure of Keynesianism

Henryk A. Kowalczyk | Posted 05.25.2011 | Business
Henryk A. Kowalczyk

The way out of our crisis is to limit further the influence of government over the economy, so that even if someone could afford to buy political influence, there would be very little to sell.

Capitalism & the Capitalists

Edward J. Murray | Posted 05.25.2011 | Business
Edward J. Murray

Let's start with a re-thinking our fundamental economic philosophy: capitalism. In order to run effectively over time, democracies need robust economic systems.

Fall of the Wall: Can The Financial Sector Be Controlled?

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

Where's the outcry when you learn that more money has been spent to contain this crisis than was used in all of World War 11?

Obama's Herculean Challenge

Rob Kall | Posted 05.25.2011 | Politics
Rob Kall

Obama will fail if he tries anything "inside the box." The only way he's going to pull us out of this multifaceted manure pile is by being open to big bold ideas and then taking Herculean steps.

A Congressional Ultimatum for CEOs

Harry Moroz | Posted 05.25.2011 | Business
Harry Moroz

This morning, Senator Chris Dodd warned that Congress might take a step that would send shivers down the spines of every CEO: federal caps on executive pay.

A Credit Deficit or a Democratic Deficit?

Benjamin R. Barber | Posted 05.25.2011 | Politics
Benjamin R. Barber

The remedy today lies not simply in deleveraging but in re-democratizing -- recreate social capital and trust will follow. Then and only then will markets calm.

Milton Friedman Debate Continues To Roil University Of Chicago

Chi-Town Daily News | Peter Sachs | Posted 05.25.2011 | Chicago

The first faculty-wide senate meeting of its kind in 24 years could take place by the end of the year at the University of Chicago as a controversy co...

The Debt vs. Interest Rate Conundrum

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

It now takes about 10 cents on every tax dollar collected just to pay the interest on the debt. As bad as that is, it's only because interest rates are at record lows that the debt is still manageable.

The Failure of the Free Market

Matthew Stein | Posted 05.25.2011 | Green
Matthew Stein

Why do we feel that we must leave our most important assets, the health and natural resources of our planet's ecosystems, up to this sacred cow called "The Free Market"?

Public Ownership -- But No Public Control

Robert Weissman | Posted 05.25.2011 | Business
Robert Weissman

It is a remarkable time. On Friday, the Washington Post ran a front-page story titled, "The End of American Capitalism?" Today, the banner headline is...

Who's To Blame?

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

I'm getting pretty sick of all attempts to complexify this question, so I'll lay it out for you right here. Who's to blame for this incredible mess? It's really clear.