George Will: Always Right, Occasionally Correct

George Will

John Peeler: Obama, if he could free himself of the Wall Street crowd, is the likelier buyer of Will’s prescription of breaking up financial institutions that are “too big to fail”.

Keynes and Hayek, Obama and the Republicans

friedrich von hayek

Walter Moss: From the Reagan years to the present, conservatives have been fond of quoting Friedman and Hayek. Their influence can be seen in such documents as the Republican Party’s 1994 “Contract with America.”

How Not To Talk About Financial Panics: New Rules For Pundits

economy-sinking

James Livingston: Never act like you know what will happen next. You don’t, and nobody else does either. In fact, nobody knows what just happened.

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BP, Corporations, Capitalism, Progressivism, and Government

Clockwise: Jane Addams, Teddy Roosevelt, Sinclair Lewis, Eugene Debs

Walter Moss: We can grant that capitalism can have many beneficial effects and that other systems like socialism can have their defects, nevertheless the essence of capitalism is the selling of goods and services and making a profit, and it has no higher moral goal. Essentially an economic system, it provides no adequate answers for how to deal with such problems as unsafe working conditions, unfair business practices, pollution and other environmental degradation, public health, slum housing, or the abuse of child labor. This absence of any higher comprehensive social philosophy led to efforts to supplement it by providing an overall philosophy of the public good. This absence led to Progressivism.

Ronald Reagan, George W. Bush, and the Deficit

During a White House meeting in early 1984, Ronald Reagan shocked economic adviser Martin Feldman in insisting that no tax increase in US history had raised revenue. The eminent Harvard economist penned him a memo proving that every increase in tax rates from 1917 to 1969 had actually done so.

Samuel J. Wurzelbacher, Joe the Plumber: Fighting for the American Dream

hail-to-joe

Few discoveries are more irritating than those which expose the pedigree of ideas. – Lord Acton The greatness of our nation can more easily be undone than you might expect. What I witnessed . . . only reinforced my view of how fragile our freedom is. – Samuel J. Wurzelbacher Not since the publication of [...]

Medical Care as a Citizen’s Right, The Republicans Disagree

healthcare

Frequently of late it seems that CNN provides an inordinate amount of time for the Republican Congressional Leadership to vilify The President’s attempts to care for the poor, the helpless and the infirm. As I watch these folks babbling away, I am reminded of a comment that Mark Twain wrote in the New York Tribune, [...]

Economics 101: Who’s Up, Who’s Down

bailouts

by Robert Brent Toplin – Customers at my local Barnes & Noble store are likely to get the impression that books about Franklin D. Roosevelt are all the rage these days. When they stand in line to pay the cashier, they come upon a large display of volumes dealing with FDR and the Great Depression. [...]

Who Lost the Election?

eric-ekstrand

by Eric Ekstrand – The results of the election of Tuesday, November 4th, were more than the elevation of a singularly talented, skilled, and visionary statesman, Barack Obama, to our highest office; more than the ultimate display of the progress this country has made towards civil rights and justice; more than a victory for the [...]

Blame Ronald Reagan For Our Current Economic Crisis

by Robert Brent Toplin– Ronald Reagan rarely catches any blame these days for the present economic mess that is destabilizing markets in the United States and around the world. In fact, Americans often praise the former president for taking the country in bold new directions during his years in the White House. Politicians contribute to [...]

Laissez-Faire Economics? It’s a Code Word for One-Sided Interventions

Milton Friedman

As he refines his economic message on the campaign trail this summer, Republican John McCain has made it clear that, previous positions notwithstanding, he has now embraced the Republican economic orthodoxy: eliminate regulation, cut taxes on corporations and the wealthy, and the free and unfettered market will take care of everything. This economic formula was [...]

McCain Gets Economics Backwards. Too.

Economy

by Steven Conn – As he refines his economic message on the campaign trail this summer, Republican John McCain has made it clear that, previous positions notwithstanding, he has now embraced the Republican economic orthodoxy: eliminate regulation, cut taxes on corporations and the wealthy, and the free and unfettered market will take care of everything.

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