Browsing All posts tagged under »free markets«

Levathian Inc.

August 9, 2010 by

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Governments seem to have forgotten that picking industrial winners nearly always fails.  Government intervention seems to have become a global phenomenon.  Long gone are the fears of unintended consequences.  The last major financial crisis has been used by politicians to make the concept of a “nanny state” more and more acceptable.  The economist makes a compelling argument why […]

Milton Friedman on Greed

April 27, 2010 by

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Milton Friedman: “Do American presidents choose their political appointees on the basis of virtue? Is political self-interest somehow nobler than economic self-interest?”

Preserving the American Dream: Free markets vs Government intervention and everything else in between…

April 6, 2010 by

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By Orphe P. Divounguy On April 5th 2010 5:30pm, I attended a lecture by prominent economist Irwin M Stelzer, co-founder and former president of National Economic Research Associates, senior director and fellow of the Hudson Institute, former resident scholar and director of regulatory policy studies at the American Enterprise Institute.  Irwin M Stelzer is a […]

Obama’s debt and the future of the american people continued…

March 1, 2010 by

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What are the implications of running such a high debt?             If we subscribe to the Ricardian equivalence,  assuming that individuals have perfect foresight, we have perfect capital markets and there are intergenerational transfers from one generation to the next, financing deficits through higher taxes later will not alter consumption. This theory built around the […]