How Bush Ruined the Free Market
No one since the era of slavery has done more damage to the free market than George W. Bush.
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Free Market
AIG Anger and the Free Market Myth
Charles A. Clarkson | Posted 04.26.2009 | Business
Read More:
US Economy,
Bailout Outrage,
Obama Press Conference,
Aig Bonuses,
Free Market,
Alan Greenspan,
Greenspan Economy,
Ronald Reagan Legacy,
Business News
What do the Easter Bunny, the Tooth Fairy, Santa Claus and the "free market" have in common? None of them exist.
Joshua Cooper Ramo: Surprise! Global Financial Crisis Could Turn China Into A Superpower
Diane Tucker | Posted 10.11.2009 | World
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Obama Cabinet,
China Tibet Crackdown,
China Products,
World Economy,
Henry Kissinger,
Time Magazine,
Subprime Mortgage Crisis,
President Obama,
9/11,
Banking Crisis,
University of Michigan,
Bill Browder,
Richard Nisbett,
Diane Tucker,
Hermitage Fund,
China Economy,
China Human Rights,
Joshua Cooper Ramo,
Global Financial Crisis,
China,
The Atlantic,
Age of the Unthinkable,
Chinese Financial Crisis,
American Superpower,
Superpower,
Investment Banks,
Leveraged Buyout,
Subprime Mortgage Market,
Stock Market,
Free Market,
New York/New York,
Books,
World News
The Chinese banking system has been through so much stress during the last few decades, they are in a much better position than the U.S. to deal with the global financial crisis, says Joshua Cooper Ramo.
Blue Dog Democrats and Republican Triangulation
Joseph A. Palermo | Posted 04.16.2009 | Politics
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House of Representatives,
Gop,
Mitch McConnell,
Ann Coulter,
Progressives,
Afghanistan Occupation,
Employee Free Choice Act,
Conservatism,
Obama Administration,
Democratic Party,
Economic Meltdown,
Blue Doggery,
Meghan McCain,
U.S. Senate,
Bush Doctrine,
Triangulation,
Laissez-Faire,
Progressive Democrats,
Grover Norquist,
Capitalism,
Republican Party,
Blue Dog Democrats,
Corporate Governance,
Bretton Woods Accords,
Evan Bayh,
John McCain,
North Carolina Representative Patrick McHenry,
President Barack Obama,
Economic Crisis,
Iraq Occupation,
Congress,
Efca,
Triangulate,
Blanche Lincoln,
Blue Dogs,
Republicans,
Free Market,
Alan Greenspan,
William Kristol,
Senate,
Politics News
We must not allow the Blue Dogs to slow down President Obama's momentum or water down the sweeping reforms the nation needs in these trying economic times.
Libertarian Experiment in Iceland Fails
Iris Erlingsdottir | Posted 04.09.2009 | World
Read More:
Iceland Economy,
Milton Friedman,
Iceland National Bankruptcy,
Economic Crisis,
Iceland Economic Crisis,
Financial Crisis,
Banking Crisis,
Iceland Global Economic Crisis,
Iceland Financial Crisis,
Free Market,
Iceland Economy Collapse,
Iceland,
Iceland Bankrupt,
World News
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 03.28.2009 | Politics
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Freedom of Individual,
Conservatives,
Liberals,
Progressives,
Free Market,
Socialism,
Market Fundamentalists,
Democrats,
Politics News
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 03.27.2009 | Comedy
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Free Market,
Fashion Show,
Satire,
Economy,
Ayn Rand,
Spring-Fashion-Show,
Socialists,
Comedy News
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 03.18.2009 | Politics
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Free Market Capitalism,
Obama Stimulus,
Titanic,
Obama Administration,
Bailout Plan,
Subsidies,
Capitalism,
Stimulus Plan,
Obama Stimulus Plan,
Economic Stimulus Package,
Bailout,
Stimulus Package,
Tax Cuts,
Hurricane Katrina,
Green Economy,
Free Market,
Stimulus Bill,
Business,
Financial Crisis,
Politics News
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 03.14.2009 | Business
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Subprime Mortgages,
Subprime Mortgage Crisis,
Real Estate Values,
Real Estate Bubble,
President Obama,
Economic Crisis,
Foreclosure,
Free Market,
Mortgage-Backed Securities,
Real Estate,
Home Sales,
Home Foreclosures,
Business News
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 03.03.2009 | Politics
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Roads,
Privatization,
Infrastructure,
Nationalization,
Free Market,
Capitalism,
Department of Transportation,
Politics News
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 03.01.2009 | Business
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JP Morgan Chase,
Treasury Department,
Money,
Economy,
Economic Crisis,
Larry Summers,
Fbi,
Paul Volcker,
1990s,
Recession,
JP Morgan,
Bush Administration,
Irs,
Brooksley E. Born,
Banks,
Timothy Geithner,
Free Market,
Securities and Exchange Commission,
Treasury Secretary,
China,
Business News
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 02.11.2009 | Business
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Debt,
Wall Street Crisis,
Government Bailout,
Bailout,
Saving for Retirement,
Financial Crisis,
Free Market,
Saving Money,
Consumer Spending,
China,
Business News
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 01.31.2009 | Business
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Thomas Friedman,
Economy,
Stock Market,
Laissez-Faire,
Financial Crisis,
New Year's Commentary,
Free Market,
Moody's,
Business News
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 01.22.2009 | Business
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Wall Street Crisis,
Economic Crisis,
Laissez-Faire,
Financial Crisis,
Regulation,
Marxism,
Free Market,
Capitalism,
Business News
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 01.22.2009 | Business
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Interest Rates,
National Debt,
Low Interest Rates,
Inflation,
Economy,
Federal Reserve,
Ben Bernanke,
Free Market,
US Currency,
World's Reserve Currency,
US Dollar Inflation,
Business News
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 01.21.2009 | Politics
Read More:
Mortgages,
Subprime,
Free Market,
Capitalism,
Wall Street,
Bernie Madoff,
Recession,
Economy,
Politics News
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 01.21.2009 | Politics
Read More:
Team of Rivals,
Nafta,
Ron Kirk,
Economy,
Economic Crisis,
Free Trade,
Green Business,
Industrial Policy,
Free Market,
Business,
Auto Industry,
Barack Obama,
Politics News
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 01.14.2009 | Politics
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Wall Street Crisis,
Wall Street,
Rod Blagojevich,
Free Market,
Illinois Politics,
Barack Obama,
Politics News
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 01.01.2009 | Business
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Financial Crisis,
Free Market,
Economy,
Robert Reich,
Money,
Keynes,
Socialism,
Capitalism,
Free Market Ideology,
Keynesian Economics,
Business News
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 12.27.2008 | Business
Read More:
Laissez Faire,
Free Market Capitalism,
Economic Health,
Economic Meltdown,
Economic Systems,
Financial Crisis,
US Businesses,
Free Market,
Capitalism,
Presidents,
Barack Obama,
Developing Economic Health,
Business News
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 12.20.2008 | Business
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History,
Free Market,
Great Fire,
Stock Exchange,
Wall Street,
911,
Bailouts,
Media,
Business News
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 12.17.2008 | Politics
Read More:
Financial Crisis,
Big Three Automakers,
Augean Stables,
Obama Presidency,
Greek Mythology,
Hercules,
GM Bailout,
GM Bankruptcy,
Gas Tax,
President Obama,
Obama Administration,
g20,
Globalism,
Obama White House,
Senator Carl Levin,
Obama Financial Policy,
Obama Challenges,
Henry Paulson,
President Bush Economy,
Richard Shelby,
Free Market,
Auto Industry Bailout,
Free Market Ideology,
Politics News
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 12.14.2008 | Business
Read More:
Investing,
Say on Pay,
CEO Pay,
Drum Major Institute,
Deregulation,
Free Market,
Executive Compensation,
Barack Obama,
Blockbuster,
New York City,
Economy,
Jobs,
Financial Crisis,
Business News
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 11.27.2008 | Politics
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 11.24.2008 | Chicago
Read More:
Milton Friedman Institute Controversy,
John Cochrane,
Milton Friedman Institute,
Milton Friedman,
Bruce Lincoln,
University of Chicago,
Friedman Controversy,
Milton Friedman U of C,
Higher Education,
Free Market,
U of C Faculty Senate,
Chicago News
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...
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Donnie Fowler | Posted 05.14.2009 | Politics