Ah the next four years are going to be so enjoyable. When it comes to crony capitalism Adam Smith said it well: “The proposal of any new law or regulation of commerce which comes from this order [that is, ‘those … Continue reading
Tagged with Milton Friedman
Milton Friedman on the Loss of Freedom
His one hundredth birthday is a good time to view the above video by Milton Friedman on the loss of freedom. Dead since 2006, Friedman’s words ring as true in 2012 as they did in 1980 when the video was taped, as … Continue reading
The Debt Crisis in a Nutshell
Hattip to Bookworm Room. We are heading to debt repudiation both nationally and internationally, although I am sure that some euphemism will be used. What this does to the global economy is anyone’s guess, but I think at best we … Continue reading
Poor Misunderstood Marx!
Commonweal has an article by Marxist literary critic Terry Eagleton in which he argues that Marx was right in his critique of captalism. Go here to read it. Go here to read a post about the article which appeared on the Commonweal blog. … Continue reading
Human Life and Risk
Hattip to Big Hollywood. The rumor going around the internet is that the young skull full of mush humiliating himself in his joust with Professor Friedman is a svelte Michael Moore. Even if this is not the case, the debate … Continue reading