Chinese-style "manipulation" is clearly a disaster. While it has generated 35 years of stunning economic growth, it has also forced rich people around the world to endure a week-long, anxiety-provoking drop in stock prices!
A recent op-ed in the New York Times chastises Rand Paul for being insufficiently libertarian. His critics are particularly upset over his "hawkish" foreign policy, accusing him of abandoning the ideal of individual liberty. The reverse, however, is true
Greater goods therefore sometimes trump property rights. Everyone knows this. Nobody really believes in free markets. Why, then, can be wrong with regulating the means that may be used to maximize profit?
Politically the moral leadership of the pope is bad news for those Republicans, conservatives, Tea Party advocates and libertarians who politically worship at the altar of the unbridled and unregulated excesses of capitalism that Francis deplores.
John's commitment to social justice might become a main interpretive key for understanding Pope Francis' pontificate. With the selection of Francis as his papal name, this Pope has dedicated himself in a special way to the cause of social justice.
Citizens United is as bad for libertarian causes as it is for social democracy causes. Neither can work in a political system where government is sold to the highest bidder and the bids have become so extremely high.
Given all these swords and all these shields (and all of our frustrating wars and all of the lives spent), the key question of the 2012 presidential election should be: Are we truly more secure now than we were twelve years ago?
Is the free market really free? Or does it come at the expense of civic values we neglect at our peril? That's one of many questions I found myself pondering after reading What Money Can't Buy by Michael J. Sandel.
In the United States, where bankers continue to rule the Obama administration's economic team, the idea of government teaming up with business to drive long-term innovation and growth is still struggling to gain attention.