The financial crisis was deemed a failure of capitalism. Yet very little is said of the government’s role in creating the crisis. Commentators lament the deregulation, but omit specific regulations and policies that caused the crisis. Milton Friedman accurately noted
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“Present day capitalism is sometimes attacked for being nothing but a “casino economy”. But I know of no casino where the head of the central bank and the finance minister accompany customers to the roulette table, kindly offering to cover
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From Financial Fiasco by John Norberg “The financial strategist George Cooper, who wants to rehabilitate a Keynesian analysis of the financial market, sees similarities between interventionist economist John Maynard Keynes’s desire to stimulate demand in times of crisis and the
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“In the modern capitalist world, in which the historical extremes of poverty have been widely overcome, the most acute moral issues relate to recognition of accomplishment and superiority- treatment not of the poor but of the excellent and gifted people
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I watched this interview with Eliot Spitzer by Fareed Zakaria from March of this Year on Zakaria’s show called GPS. I was impressed with Spitzer’s view and his depth on the subject of the economic collapse. (There are two other
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